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Position | TRIANGLE REGION |
Developer John Kane plans a 12-story building in Raleigh's North Hills area that will include nine floors leased to Allscripts Healthcare Solutions, a Chicago-based health care technology company with a colorful history in North Carolina. Allscripts, which lost more than $165 million in the last three years, plans to move 1,000 employees from existing north Raleigh offices into the 330,000-square-foot building, which is scheduled to open in early 2017. Allscripts merged with Misys, a British company, in 2008. Misys had acquired Raleigh-based Medic Computer Systems for $923 million in 1997 --a record at the time for a North Carolina technology company. Medic was run by John McConnell, who acquired it from Black & Decker Corp. in 1990 for $29 million, with backing from Charlotte investor C.D. "Dick" Spangler. McConnell now runs Raleigh-based McConnell Golf. The Allscripts tower is the latest expansion at North Hills, which abuts U.S. 1, the north side of the Interstate 440 beltline, and sits between north Raleigh and the center city. Kane Realty bought North Hills Plaza for $11 million in 1999...
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