IXL Learning Expands Its East Coast Footprint at Perimeter Park

Morrisville, NC – February 7, 2023 — IXL Learning has expanded their regional headquarters office in Perimeter Park and will now occupy a total of 67,780 SF on the first, third, and fourth floors at 1600 Perimeter Park, a four-story, Class-A office building. This latest expansion provides them with an additional 22,544 SF on the building’s first floor. IXL Learning has consistently increased their presence at Perimeter Park, which now serves as their east coast headquarters.

William Allen, Partner, Office Leasing and Alex Dunn, Broker, Office Leasing at Trinity Partners, represented the landlord, Perimeter Park Offices, LP. (Mapletree), under Mapletree US Income Commercial Trust, Andrew Peceimer of Coldwell Banker Commercial Westbay Real Estate and Brian Farmer of Lee and Associates represented IXL Learning, Inc.

“We are excited to expand IXL Learning’s regional headquarters in Perimeter Park once again. The additional space will accommodate the pace of our company’s growth, and will serve as a convenient location for people to closely collaborate and do their finest work,” said Paul Mishkin, CEO of IXL Learning. "We look forward to becoming a bigger part of the Research Triangle community where we will continue building world-class products and serve our customers for years to come."

“We’re honored to have IXL Learning as a tenant and are delighted to have accommodated the tremendous growth of their east coast operations over the years within the Park”, noted William Allen. “That is the beauty of Perimeter Park — firms can grow and evolve with us. Perimeter Park’s centralized and convenient location, vibrant campus, and the diverse workforce it attracts is unparalleled.” added Allen. We are confident it will continue to serve IXL well.”

“IXL Learning’s expansion is evidence that the market recognizes Perimeter Park as a world-class corporate campus. Respected corporate neighbors, relevant and convenient amenities, above standard parking, and an environment that allows tenants to attract and retain top talent truly resonates with high-profile companies,” noted Allen. In addition to IXL Learning, Microsoft, UNC Health Care, TrialCard, Syneos Health, Premier Research, Northrop Grumman, and Teleflex call Perimeter Park home.

Ben Goodsir, Head of US Commercial, Mapletree, said “IXL Learning, a longstanding tenant of Perimeter Park, has renewed its commitment to our business community, having expanded by 23k SF to a total of 68k SF over the last 15 months, the most recent expansion was in December. We value the consistently strong relationships we have with our tenants, which are underpinned by offering a flexible approach to their needs. We anticipate pent up demand will drive an increased rate of take up in the RTP I-40 corridor submarket. Despite this challenging business environment, we aim to provide adaptable, high-quality solutions for our tenants.”

Perimeter Park, located in Morrisville is just minutes from the Raleigh-Durham International Airport and strategically positioned off I-540 and I-40, bordering Airport Boulevard and Highway 54. The Park continues to evolve through improvements and expansions that include Food Truck Tuesdays, tenant engagement events, the addition of a modern fitness center with locker rooms and showers (second within the Park), Wi-Fi equipped tenant café & lounge, an expansive conference center amenity, and a large pocket park that includes bocce and a putting green. Additionally, five new office buildings have been constructed and added to the Park over the past 6 years due to the high demand of Class A office space in the heart of the Research Triangle. Learn more about Perimeter Park at PerimeterParkOffice.com

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About Mapletree

Headquartered in Singapore, Mapletree is a global real estate development, investment, capital and property management company committed to sustainability. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.

The Group manages three Singapore-listed real estate investment trusts (“REITs”) and six private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”). As at 31 March 2022, Mapletree owns and manages $59.6 billion of office, retail, logistics, industrial, data centre, residential and student accommodation properties.

The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.

For more information, please visit mapletree.com.sg.

About Trinity Partners

Trinity Partners is a full-service commercial real estate firm serving corporate users and institutional owners throughout the United States, with ten service lines ranging from landlord and tenant representation to property management and investment sales. We’re known for our entrepreneurial spirit, best-in-class performance, and our respected team of commercial real estate professionals, who are directly responsible for our company’s success and collaborative culture. We currently lease and/or manage over 25 million square feet of office, industrial, mixed-use, and retail space across the region through our four offices in Charlotte and Raleigh, North Carolina, and Greenville and Columbia, South Carolina. Learn more at Trinity-Partners.com.

About IXL Learning

IXL Learning has revolutionized educational technology since its founding in 1998. Today, the company leads the world of education through innovation and provides a diverse set of products and services that help learners develop skills in math, literacy, language and more. IXL Learning's eight brands—IXL, Rosetta Stone, Curiosity Media, Emmersion, Wyzant, Vocabulary.com, ABCya and Education.com—empower all students with engaging, personalized learning experiences. Our teams create breakthrough solutions to education's most pressing challenges and inspire students to become life-long learners.