Charlotte Center City Partners has released its annual State of the Center City report, and with the uptick in commercial real estate development activity in uptown and surrounding submarkets, the report is pretty upbeat.
The introduction to this year's report cites the rebound in development activity across various sectors in center city: 2.9 million square of office space under construction or proposed as well as 1,658 hotel rooms, nearly 6,900 housing units and 300,000 square feet of retail space,…Charlotte Center City Partners report: ‘We’re thriving again’
Charlotte Center City Partners has released its annual State of the Center City report, and with the uptick in commercial real estate development activity in uptown and surrounding submarkets, the report is pretty upbeat.
The introduction to this year's report cites the rebound in development activity across various sectors in center city: 2.9 million square of office space under construction or proposed as well as 1,658 hotel rooms, nearly 6,900 housing units and 300,000 square feet of retail space,…
Two tenants at Two Piedmont Town Center in SouthPark have expanded their space by a total of 11,000 square feet, taking the last available space in the building.
Assurance, tax and consulting services firm McGladrey took an additional 5,000 square feet at Two Piedmont, bringing its total space in the building to 32,000 square feet. And insurance firm AmWINS Group Inc. expanded by 6,000 square feet and extended its lease term by six years. AmWINS now leases 61,000 square feet at Two Piedmont, which…
Alexander Ricks, a boutique business law firm currently in SouthPark, has signed a lease for approximately 7,700 square feet in the 4601 Park Road building and plans to relocate in April.
The firm, founded in 2010 by Rodney Alexander and Tom Ricks, is currently based in about 2,500 square feet at the 2901 Coltsgate Road building in SouthPark. Having grown to 10 lawyers, the firm needed more space, Ricks says, and it looked at options from SouthPark to just outside of uptown Charlotte.
Grubb Properties…
LRC Opportunity Fund and New York Life Real Estate Investors have purchased Logistics Pointe, a 1.1 million-square-foot industrial park on 66 acres in southwest Charlotte, for $52.1 million.
The five-building property on General Drive was sold by Westmount Realty Capital, a commercial real estate investment, development and management firm based in Dallas. Westmount purchased Logistics Pointe in 2006 for $24.5 million after the property had gone into foreclosure following Winn-Dixie's closure of…
Financial-services organization TIAA-CREF's lease of the six-story Betsill building at Ballantyne Corporate Park has a maximum term of 17 years and six months, including extensions and renewals, according to real estate records.
TIAA-CREF's lease began on Nov. 20 and is for the entire 140,000-square-foot building, according to records. The Charlotte Business Journalr eported last year that TIAA-CREF was in talks to lease the building, which Bank of America Corp. previously occupied. It's one of…
The owners of the Toringdon office park in south Charlotte plan to convert a private street into a open green space and are also working to bring a fitness facility to park, potentially using space that is now occupied by Global Restaurant.
The new green space, called The Grove at Toringdon, will include seating areas for tenants and will be located at the center of the office park, replacing a street that runs from Toringdon Way to the Toringdon 6 building.
Trinity Capital Advisors, in a joint…
Ziff Properties, a real estate firm based in Charleston, S.C., has sold three business parks in Charlotte totaling 217,000 square feet to Sky Management for $10 million.
The parks are Arcade Square on Tyvola Road, Rubin Business Center on Clanton Road and Coffey Creek Business Park on Rose Lake Drive. The nine buildings in the three parks were 88% leased when the sale closed this month.
In a release, Christian Chamblee, chief operating officer and director of acquisitions at Ziff, said the firm…
In a south Charlotte office building, Rob Finlay and his colleagues at QuietStream Financial are launching companies designed to make a commercial real estate owner's life easier. A lot of companies.
QuietStream was created in late 2013, and since then it has acquired or launched eight companies while its employee head count has jumped from roughly 20 to more than 100. QuietStream recently expanded at its headquarters off Carmel Road and launched five new businesses in 2014 alone, including three…
It's official: BJ's Wholesale Club Inc. plans to open a store at the Metropolitan in midtown Charlotte this year.
Property Markets Group, a real estate firm based in New York, has acquired the former Home Depot Design Center space at the Metropolitan at $14 million and has signed a lease with BJ's for a new 101,000-square-foot location that is expected to open later this year, according to a release from BJ's.
The Charlotte Business Journal broke the news last month that BJ's was targeting the…
Sealed Air Corp. (NYSE:SEE) has chosen a permanent site for its Charlotte headquarters.
The packaging company plans to construct a three-building office complex in the LakePointe Corporate Center office park off Tyvola Road that Childress Klein Properties will develop, according to a company spokesman.
Sealed Air expects to break ground this summer and complete the project by the end of 2016.
Late last year, Sealed Air signed a short-term lease for nearly 70,000 square feet at the Forest Park…