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Research Triangle Park (RTP) - A brief history

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We take great pride in our ability to recruit, train, and retain the finest quality real estate professionals.

In 1959, the founders of RTP pioneered a new model for conducting R&D by creating the country’s first research park. Their innovative focus on the link between universities, businesses and government created a groundbreaking innovation model that has since been replicated worldwide.

The Research Triangle Park (RTP) was initiated in the early 1950's by the area's leaders in education, industry and politics. These individuals included Governor Luther Hodges, industrialist Romeo Guest and banking executive Robert Hanes. RTP was fashioned after a similar industrial research complex outside of Boston. The people who designed it believed our tri-city area would be ideal for such a complex because it could, like the Boston complex, capitalize on the already extensive research facilities available at the three major neighboring universities.

The “Research Triangle” — for which RTP was named — is formed by the geographic nexus of the region’s three world-renowned research universities — Duke University, North Carolina State University and the University of North Carolina at Chapel Hill. The Research Triangle region is anchored by the cities of Raleigh, Cary, Durham and Chapel Hill and is one of the country’s fastest growing metropolitan areas with a population of 1.6 million and nearly 3 million in the area within a 60-mile radius of the Park. With RTP at its core, the region boasts a rich intellectual climate with an impressive core of highly-skilled workers, mature and expanding infrastructure and a modest cost-of-living.

The Triangle also offers an unrivaled quality of life, from its dynamic cultural amenities and vibrant history to its world-class medical facilities, educational opportunities and outdoor recreation. The Triangle region is roughly halfway between North Carolina’s Appalachian Mountains and the state’s celebrated coastline, making it an unsurpassed region in which to work and live. As one of the key economic drivers, RTP works with partners around the Research Triangle region and the state of North Carolina to help attract quality employers to locate or expand in the region. The park is 7,000 acres situated in a pine forest with approximately 630 acres for development. The park is an unincorporated area, and state law prohibits municipalities from annexing areas within the park.

You may visit, work or drive through “the park,” but you will not find residential homes within the boundaries of the corporate campus. Therefore, the border towns of RTP are most popular for the residential locations of workers, which include Raleigh, Durham, Chapel Hill and Morrisville.

Visit RTP today!

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