Belk signs 15-year lease to consolidate headquarters

Belk Inc. has signed a 15-year lease for its headquarters, putting all of its corporate offices under one roof again. The retailer’s headquarters will be at 2801 W. Tyvola Road, according to Belk spokeswoman Jessica Graham. Belk is leasing the full 475,000-square-foot space, which is owned by Jacobson West Charlotte LLC, an entity controlled by Miami real estate investor Samuel Jacobson. Newmark Grubb Knight Frank represented Belk in the transaction. Previously, Belk ran out of space at its headquarters…

Belk signs 15-year lease to consolidate headquarters

Belk Inc. has signed a 15-year lease for its headquarters, putting all of its corporate offices under one roof again. The retailer’s headquarters will be at 2801 W. Tyvola Road, according to Belk spokeswoman Jessica Graham. Belk is leasing the full 475,000-square-foot space, which is owned by Jacobson West Charlotte LLC, an entity controlled by Miami real estate investor Samuel Jacobson. Newmark Grubb Knight Frank represented Belk in the transaction. Previously, Belk ran out of space at its headquarters…

NorthEnd Partners discuss fixing gateway to uptown, spurring development at meeting

Removing a ramp could be the first big step to ignite development in Charlotte’s North End. “The top priority is to fix the gateway to uptown,” said Roger Grosswald, a property owner in the area. “The barrier mentality must stop.” Grosswald led a presentation by nonprofit advocate NorthEnd Partners on Wednesday that outlined key takeaways from former Urban Land Institute and Kimley-Horn studies to help revitalize the North Tryon corridor just outside of uptown Charlotte. The area has lagged…

NorthEnd Partners discuss fixing gateway to uptown, spurring development at meeting

Removing a ramp could be the first big step to ignite development in Charlotte’s North End. “The top priority is to fix the gateway to uptown,” said Roger Grosswald, a property owner in the area. “The barrier mentality must stop.” Grosswald led a presentation by nonprofit advocate NorthEnd Partners on Wednesday that outlined key takeaways from former Urban Land Institute and Kimley-Horn studies to help revitalize the North Tryon corridor just outside of uptown Charlotte. The area has lagged…

Lincoln Harris closes on part of Charlotte Observer site sale

Lincoln Harris has closed on part of its deal to purchase The Charlotte Observer property for $11 million. The deal, which closed April 1, includes a little more than 5 acres bounded by South Mint, Stonewall and South Church streets, according to real estate records. As previously reported by the Charlotte Business Journal, Lincoln Harris is working with Goldman Sachs on the acquisition. The purchaser of the roughly 5.2-acre site is a limited-liability company called GSLH Charlotte Realty Holdings,…

Lincoln Harris closes on part of Charlotte Observer site sale

Lincoln Harris has closed on part of its deal to purchase The Charlotte Observer property for $11 million. The deal, which closed April 1, includes a little more than 5 acres bounded by South Mint, Stonewall and South Church streets, according to real estate records. As previously reported by the Charlotte Business Journal, Lincoln Harris is working with Goldman Sachs on the acquisition. The purchaser of the roughly 5.2-acre site is a limited-liability company called GSLH Charlotte Realty Holdings,…

CBRE appoints Compie Newman as managing director of Charlotte office

CBRE Group Inc. announced today that Compie Newman has been appointed managing director of the company’s Charlotte office. Newman assumes the position following more than five years in CBRE’s Capital Markets group handling debt and structured finance. The previous managing director in CBRE's Charlotte office was Henry Lomax, who is now an executive vice president at Grubb Properties. A Charlotte native, Newman has more than 27 years of experience in commercial real estate, having previously…

CBRE appoints Compie Newman as managing director of Charlotte office

CBRE Group Inc. announced today that Compie Newman has been appointed managing director of the company’s Charlotte office. Newman assumes the position following more than five years in CBRE’s Capital Markets group handling debt and structured finance. The previous managing director in CBRE's Charlotte office was Henry Lomax, who is now an executive vice president at Grubb Properties. A Charlotte native, Newman has more than 27 years of experience in commercial real estate, having previously…

Environamics doubling size with move to new facility

A commercial-interior contracting company is relocating to a new facility double the size of its current headquarters. Environamics, at 1401 Freedom Drive, purchased the building at 13935 South Point Blvd. for $3.83 million in late January, according to real estate records. Jim Gambrell of Gambrell Real Estate Consulting represented Environamics in the sale of its Freedom Drive building and the purchase of its South Point Boulevard location, according to Gambrell. William Maxwell of Trinity Partners…

Environamics doubling size with move to new facility

A commercial-interior contracting company is relocating to a new facility double the size of its current headquarters. Environamics, at 1401 Freedom Drive, purchased the building at 13935 South Point Blvd. for $3.83 million in late January, according to real estate records. Jim Gambrell of Gambrell Real Estate Consulting represented Environamics in the sale of its Freedom Drive building and the purchase of its South Point Boulevard location, according to Gambrell. William Maxwell of Trinity Partners…