Groundbreaking today for much bigger AvidXchange HQ building at N.C. Music Factory

Tech company AvidXchange is hosting a groundbreaking ceremony this afternoon for its new corporate headquarters building, which has grown dramatically in size from a year ago. The company’s new building, which will be at the intersection of Hamilton Street and West 12th Street on the Music Factory campus, will now total six stories and just over 200,000 square feet, up from the 115,000 square-foot building planned last year. Ark Ventures, which developed and owns the Music Factory, rezoned 21…

3 questions with HFF: How much higher can prices go for Charlotte office properties?

The Carolinas office of HFF Inc., the commercial real estate and capital markets firm, has been busy lately. The company recently hired a group of capital markets professionals from Thalhimer and is marketing local properties for sale, including the First Citizens Bank Plaza building uptown as well as the Toringdon and Water Ridge office parks. HFF will also market the 121 West Trade Street building, one of three uptown office towers that are poised to hit the market soon. Sales of Charlotte office…

13-acre condo property in south Charlotte listed for sale

The Quail Hollow East condominium association is marketing its 13-acre residential property at the northwest corner of Park and Sharon Road West for sale. The property includes 12 condo buildings with 82 units that were constructed in 1972. “We felt now is the right time to take the entire property to market,” said Jay Shapiro, president of the association, in a release. “Given the age of the buildings, we thought it was time for QHE to undergo a major transformation. It will emerge as a…

Three office towers in uptown Charlotte to be listed for sale

Three office towers in uptown Charlotte are about to be listed for sale. The owners of the 42-story One Wells Fargo Center, the 24-story Carillon and 32-story 121 West Trade Street are expected to list the office towers for sale in a matter of weeks, according to real estate sources. Two of the buildings, One Wells Fargo Center and 121 West Trade, changed hands in 2013, but given the strong market for office property sales in Charlotte, their owners have decided to put them on the market after just…

New managing partner talks about why Robinson Bradshaw is “very unusual”

Charlotte law firm Robinson Bradshaw & Hinson recently elected a new managing partner for the first time in nearly 20 years. Allen Robertson, who began working at the Charlotte-based firm in 1989, will take on the new role next week and recently sat down for an interview with the Charlotte Business Journal that will appear in tomorrow’s print edition. Here’s a few excerpts from that conversation with Robertson, who talked about what makes the firm different from its competitors and how his management…

Engineering firm signs lease at uptown tower, plans to relocate

Stewart Engineering has signed a lease for 16,000 square feet on the 14th floor of the 101 Independence Center building in uptown Charlotte. The engineering, design and planning firm is currently located at BB&T Center, where it occupies approximately 9,600 square feet, and plans to relocate early next year. Stewart has more than 150 employees in Raleigh, Charlotte and Richmond, Va. John Christenbury of Cushman & Wakefield represented Stewart, and Jennifer Kurz of Trinity Partners represented…

Levine Properties plans uptown office building, markets land for sale

Levine Properties says it is planning a 20-story, 325,000-square-foot office building adjacent to UNC Charlotte’s center city building in First Ward. The company says it is seeking an anchor tenant for the building, which would be located at the corner of Ninth Street and the extended light-rail line. Levine says it will begin interviewing real estate firms to market the property this fall. “This is the last buildable pad within the park and further evidence the First Ward and North Tryon master…

Beacon Partners purchases prime block in South End for future development

Beacon Partners has purchased a prime block in South End that could ultimately be redeveloped as a mixed-use project. The 3.38-acre site is bounded by Tryon, Bland, Winnifred and Winona Streets and is occupied by a 36,000-square-foot building leased by HD Supply and a smaller, 13,000-square-foot building. The Charlotte real estate firm purchased the property for $10.12 million from John Moore, who has owned the land for decades. The site served as the headquarters for Moore Electric Supply, which…

HFF hires eight-person capital markets team from Thalhimer

HFF has hired an eight-person capital markets team from the Raleigh office of Cushman & Wakefield | Thalhimer. The team of investment sales professionals includes Chris Norvell (industrial), Justin Good (multifamily and land), Allan Lynch (multifamily) and Scot Humphrey (office and industrial). The four are joined by real estate analysts Sarah Godwin and Patrick Nally, graphics coordinator Sarah Spain and production coordinator Deanna Connolly. “These four individuals bring a wealth of experience,…

Lincoln Harris has a new president

John “Johno” Harris III, who has been chief operating officer at Charlotte real estate firm Lincoln Harris for the past three years, has been promoted to president of the company. Harris’ father, Johnny Harris, who formerly held the titles of president and CEO, will remain the company’s chief executive and will assume the role of chairman. As president, the younger Harris, 37, will lead all business groups and offices for the firm, which has 375 employees. He returned to Charlotte in 2012…