How one tenant influenced Parkway’s decision to sell an uptown office building

Executives at Parkway Properties Inc. said during a recent earnings call they decided to sell the 525 North Tryon building in uptown Charlotte because they believe Bank of America Corp., which occupies about half of the building, will renew its lease there at a below-market rate. The Orlando, Fla.-based real estate investment trust (NYSE:PKY) also disclosed that The Hearst Corp. has renewed its lease for 138,000 square feet at the Hearst Tower, extending its lease term at the uptown office building…
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Kimley-Horn looking for new office space, targeting uptown and midtown

Planning and design consulting firm Kimley-Horn and Associates Inc. is in the market for approximately 15,000 square feet of office space in Charlotte and is targeting uptown and midtown for a new location. The Raleigh-based firm's Charlotte operation currently occupies a full floor at the Atherton Mill complex at the intersection of South Boulevard and Tremont Avenue in South End. Keith Bell of Mohr Partners is representing Kimley-Horn in its search. Kimley-Horn has more than 2,000 employees in…
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How to Slow Down Your Life and Enjoy the Ride, Right Now

It’s finally Friday night, the beginning of a weekend of freedom, which also happens to include your birthday. Your family, friends and spouse all have celebratory plans for you. You have a rewarding career and a network of beautiful people who want to rejoice in your life. As you walk out to your car to […]
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Developer to start apartments on Freedom Drive, plans projects for Plaza-Midwood and N.C. Music Factory

DPJ Residential, a Charlotte firm focused on boutique apartment developments, will start construction soon on a four-story, 77-unit apartment complex on Freedom Drive. And it also is planning a 105-unit project in Plaza-Midwood and a 100-unit development at the N.C. Music Factory. DPJ, headed by Porter Jones, is teaming with real estate investment firm Chaucer Creek Capital on the Freedom Drive project. That development, called Asbury Flats, is planned for a 1.7-acre site near the intersection of…
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