Cousins Properties looking for development opportunities in Charlotte

Cousins Properties Inc. has no regrets about the price it paid to acquire the Fifth Third Center building in uptown Charlotte last year, but now the Atlanta-based real estate investment trust is shifting away from acquisitions and focusing on development opportunities in Charlotte. That’s what Thad Ellis, a senior vice president with Cousins, told me in an interview this week. Ellis oversees the Atlanta, Dallas, Charlotte and Raleigh markets for Cousins, which acquired the 30-story Fifth Third…

Fifth Third Center lands new tenant, plus existing tenant expands at uptown tower

Commercial real estate and capital-markets firm HFF Inc. has signed a lease for 6,000 square feet at Fifth Third Center in Charlotte, and law firm Winstead has expanded at the uptown office tower, adding roughly 6,000 square feet. HFF opened a Charlotte office last year, hiring investment sales specialist Ryan Clutter to manage the office with Travis Anderson, who relocated from the firm’s Dallas office to lead debt and equity placement for HFF in the Carolinas. Since opening here, the firm has…

Synchrony Financial says it needed more space, plans to increase Charlotte hiring this year

Synchrony Financial, which recently leased the Rushmore One building at Ballantyne Corporate Park, says it plans to increase its hiring in Charlotte this year, adding positions in sales, marketing, customer service and other areas. Although the company withdrew a request for $750,000 in incentives, it is moving forward with a 400-job expansion here. Synchrony currently has 300 employees at an operations center at Tyvola and Yorkmont roads. Synchrony recently finalized its lease for the 152,000-square-foot…

Gustafson Partners starts work on fourth retail building at Northlake Plaza

Retail development firm Gustafson Partners has started work on a fourth building at Northlake Plaza, a retail development on West W.T. Harris Boulevard near Northlake Mall. Mattress Firm has signed a 10-year lease for 3,600 square feet at the building, which will total approximately 7,000 square feet. Trent Gustafson, president of Gustafson Partners, says the building will deliver during the third quarter. Gustafson says he's in talks with a couple of fast-casual restaurants about leasing the balance…

Proposed mixed-use project for south Charlotte meets no resistance at hearing

A major mixed-use project proposed for the Charlotte Golf Links site in south Charlotte faced no neighborhood resistance at a City Council rezoning hearing Monday night. No one spoke against the proposed rezoning for the 194-acre site, a former golf course at Providence and Ardrey Kell roads. The rezoning would allow for the development of up to 700,000 square feet of office space, 250,000 square feet of retail space, 500 multifamily units, 300 senior-living units, 200 single-family homes, a recreational…

Synchrony Financial leases Rushmore One building at Ballantyne Corporate Park

Synchrony Financial has leased the Rushmore One building at Ballantyne Corporate Park and has begun renovation work at the property, including the creation of additional parking spaces. The Charlotte Business Journal reported in October that Synchrony was in talks to the lease the building, which has 152,000 square feet of office space and was formerly occupied by AXA Financial. Earlier this year, Synchrony withdrew a request for $750,000 in state and local incentives tied to a 400-job expansion…

Another mixed-use development may be in works for NoDa; apartment projects move forward

Another transit-oriented, mixed-use project could be in the works for NoDa, and two apartment development firms have filed rezoning petitions for projects planned in Plaza-Midwood and on Providence Road. NoDa: The Wellmon Family Limited Partnership has filed a rezoning application that would allow a transit-oriented, mixed-use development on approximately 9 acres on the west side of North Davidson Street, bounded by North Brevard Street, Charles Avenue, Matheson Avenue, Jordan Place and North Davidson…

Office building in midtown Charlotte listed for sale

The owners of the 700 East Morehead building, the last multitenant office building to be constructed in midtown Charlotte, have listed the property for sale with investment sales firm HFF. Harris Development Group completed the 35,305-square-foot building in 2009. The four-story building is at the corner of East Morehead Street and Euclid Avenue and is fully leased. The building's largest tenant is accounting firm Elliott Davis Decosimo, which leases 22,000 square feet. The building is owned by…

Three medical office buildings scheduled to be auctioned as part of bankruptcy proceeding

Three medical office buildings near Novant Health Presbyterian Medical Center in midtown Charlotte are set to be sold this month as part of a Chapter 11 bankruptcy proceeding for the properties' owner, an affiliate of real estate firm Langtree Ventures. The three buildings total 55,264 square feet and are located at 1928 Randolph Road, 1946 Randolph Road and 2115 E. Seventh St. The bankruptcy trustee in the case has entered into an agreement with Hale Partnership Capital Management to purchase…

Grocery store could be retail anchor for south Charlotte mixed-use project

A grocery store could be the retail anchor for a proposed mixed-use project at the former Charlotte Golf Links property in south Charlotte. During a community meeting earlier this year about the project, Tracy Dodson, a vice president with Lincoln Harris, told area residents that "almost all of the retail anchor tenants (being considered) are grocery related," according to a summary of the meeting that was filed with the city last week. Dodson told the audience that potential grocery operations…