As construction begins for Horseshoe, Hub RTP gains its first office tenant
RESEARCH TRIANGLE PARK, NC (Nov. 2, 2022) – Today, White Point and Research Triangle Foundation (RTF) announced Data443 Risk Mitigation, Inc. (“Data443”) (OTCPK: ATDS) as its first tenant for Horseshoe at Hub RTP.
“Our mission is to organize the world’s information by identifying and protecting all sensitive data regardless of location, platform, or format. It is an ambitious undertaking that requires a lot of energy and top talent to succeed,” said Data443 President and CEO Jason Remillard.
According to Remillard, their headquarters relocation to Hub RTP will help promote the company’s brand, recruit top talent, and maintain competitive edge in the areas of engineering and design, marketing and sales and other key functions to evolve and expand the data security and privacy software company.
Data443’s culture and commitment to diversity, equity, and inclusion align with Research Triangle Foundation’s values and models the types of companies that RTF leadership seeks to attract to the Park. Data443 is also dedicated to service members participating in the U.S. DOD’s Skillbridge Program.
“White Point welcomes Data443 as the first tenant of our mixed-use Horseshoe at Hub RTP project. Horseshoe is central to the rebirth of Hub RTP as Research Triangle Park’s lively ‘downtown,’ and we look forward to having more like-minded, innovative and technology-driven companies join Data443 in calling Horseshoe home,” said Jay Levell, co-founder of White Point.
The announcement comes shortly after breaking ground on Horseshoe on October 18. The groundbreaking for the first building to go vertical in RTP’s new downtown was well-attended with over 400 people, including officials from Durham and Wake counties, RTF Board of Directors, local transit authorities and chambers of commerce, real estate partners, and the greater RTP community. The energy was vibrant with live music, networking, light brunch bites, a mimosa bar, and more.
During the ceremony hosted by RTF President and CEO Scott Levitan alongside EVP and CFO Linda Hall, remarks in support of the project were made by Jack Cecil, Chair of the RTF Board Development Committee; Brenda Howerton, Chair of the Durham County Board of Commissioners; Erik Johnson, Co-Founder of White Point; Joshua Rowsey, Director of Blackspace, whose spoken word piece, This is Hub RTP, was streamed at the end of the event.
Horseshoe’s naming is two-fold: It signifies RTP’s history as a brain magnet, and from an aerial view it is shaped like a “U”. The development will include approximately 160,000 square feet of office and retail that wraps around a central outdoor courtyard, overlooking 16 acres of greenspace and providing connectivity to streamside boardwalks and the Park’s existing 20+ mile trail system. Construction is expected to be complete in late 2024.
Cushman & Wakefield represented Data443, while JLL represented the Horseshoe office building. CBRE is the leasing agent for the retail component of Horseshoe at Hub RTP.
At full build out, Hub RTP will be a walkable urban district including up to one million square feet of office and life sciences, 1,200 multifamily residential units, 250 hotel rooms, and more. Located at the heart of RTP, the 100-acre downtown includes the existing Frontier RTP innovation campus and the shipping container complex, Boxyard RTP. The first of its kind, this mixed-use development will transform the Park into a destination.
About Hub RTP
Hub RTP is a $1.5 billion mixed-use project designed to be the downtown of Research Triangle Park. Led by Research Triangle Foundation, this 100-acre development is centrally located within Durham, Raleigh, and Chapel Hill at the intersection of I-40 and Davis Drive. This amenity-rich community will bring 1 million square feet of office and lab, 1,200 residential units, retail, and 250 hotel rooms at the heart of Research Triangle Park, transforming the Park into a destination for workers, families, and residents of the greater Triangle Region. For more information, visit hub.rtp.org.
About White Point
White Point is a private real estate investment firm that utilizes local market knowledge, an extensive network and entrepreneurial approach to pinpoint unique investment opportunities. The Charlotte, NC-based firm specializes in the acquisition and development of office, retail, mixed-use and multifamily properties across the Southeast. Since 2014, the team has developed or acquired over $900 million of real estate assets. For more information, visit whitepointpartners.com.
About Research Triangle Foundation
Since 1959, the Research Triangle Foundation of North Carolina has served Research Triangle Park (RTP) in its mission to facilitate collaboration among the region’s industries, academic institutions, and workforce to create economic impact for North Carolina. Situated centrally among Durham, Raleigh, and Chapel Hill, RTP makes up of 7,000 acres, 60,000 employees, and over 400 companies and national labs. For more information, visit rtp.org.
Media Contact for White Point:
Laura Graff for Plaid Penguin
Media Contact for RTF:
Research Triangle Foundation of NC