Turner Construction Co. has subleased the 20,000-square-foot top floor of the Roxborough building in SouthPark to Velocity Technology Solutions and plans to relocate to a new, smaller space closer to uptown Charlotte later this year.
Mark Dent, vice president and general manager at Turner, says the company is looking to lease between 5,000 and 7,500 square feet of space. Turner leased the Roxborough space in 2012. Dent says that while the Charlotte office has grown, the company needs greater space…Turner Construction subleases SouthPark space to Velocity, prepares to move
Turner Construction Co. has subleased the 20,000-square-foot top floor of the Roxborough building in SouthPark to Velocity Technology Solutions and plans to relocate to a new, smaller space closer to uptown Charlotte later this year.
Mark Dent, vice president and general manager at Turner, says the company is looking to lease between 5,000 and 7,500 square feet of space. Turner leased the Roxborough space in 2012. Dent says that while the Charlotte office has grown, the company needs greater space…
Real estate firm Faison Enterprises Inc. has purchased a 1.5-acre parcel on Queens Road in Charlotte's Myers Park neighborhood for $3 million and plans to develop 62 luxury apartments at the site, according to the seller's representative.
Rush Dunaway of Sperry Van Ness/Percival Partners represented the seller, a limited liability company called Five-Eleven Partners. According to Sperry Van Ness, Faison is planning to build a luxury apartment building with five stories of residential units atop…
Stockbridge Capital Group, an Atlanta-based real estate investment firm, has purchased Venue, a 366-unit apartment in Charlotte's Elizabeth neighborhood, for $88 million.
The apartment complex, located between East Seventh Street and Weddington Avenue, was completed by developer JLB Partners in 2013 and is about 75 percent leased.
Stockbridge purchased the complex with operating partner TriBridge Residential, a multifamily company also based in Atlanta.
Stockbridge acquires commercial real estate…
A company controlled by the real estate investment arm of Deutsche Bank has purchased the RiverGate Shopping Center in Charlotte's Steele Creek area for $60.75 million.
The 236,579-square-foot retail center, located at the intersection of South Tryon Street and Steele Creek Road, is adjacent to a Super Target and a Home Depot store and is 98% occupied. Tenants include Starbucks, Bath & Body Works, Rack Room Shoes, Dressbarn, Verizon, Mattress Firm and Massage Envy.
Mike Burkard and Steve Shields…
Commercial real estate research information and marketing firm Xceligent Inc. has acquired a controlling stake in Karnes Research Co., a commercial real estate research firm founded in Charlotte in 1988.
Karnes, which has five employees, provides market reports and analytics for the Charlotte, Raleigh, Asheville and Triad markets. Andrew Jenkins, a managing partner at Karnes who owned the firm with managing partner Brian Reece, declines to disclose the financial terms of the deal but says that he…
Childress Klein Properties is planning to start construction next year on a 393-unit apartment tower over the Mint Museum in uptown Charlotte that will rise 31 stories above the existing arts facility.
The high-rise development would total 42 stories, including the museum building, and it would add a long-planned residential component to the Levine Center for the Arts cultural campus that Wachovia Corp. originally planned when it spearheaded the South Tryon project.
Childress Klein is under contract…
Multifamily company Greystar has purchased a 0.6-acre site at the intersection of Third and Poplar streets, across from Romare Bearden Park in uptown Charlotte, where the firm plans to start construction early in the new year on a 33-story high-rise apartment tower with ground-floor retail.
The apartment tower will feature 300 high-end units, rooftop amenities and approximately 3,200 square feet of ground-floor retail space, says Todd Wigfield, a managing director with Greystar. Wigfield says the…
Synco Properties Inc. and Schlosser Development Corp. are filing a rezoning application today for their planned mixed-use development at the site of The Colony apartment complex in Charlotte's SouthPark area.
If approved, the zoning change to a mixed-use district at the 27-acre site would allow Synco and Schlosser to develop up to 1,100 residential units, 250,000 square feet of office space, 300,000 square feet of retail space (including a new grocery store) and a boutique hotel with up to 300 rooms,…
David Weekley Homes is planning an 11-unit townhome development at the corner of Tryon Street and Carson Boulevard in Charlotte's South End.
The development, called Central Living at Carson, is planned for a 0.6-acre site adjacent to the Camden South End apartment complex on South Tryon.
Mark Gibbs, Charlotte division president for David Weekley, says the three-story, brick-and-stone townhomes will feature rooftop terraces with views of the skyline. The units will be about 3,000 square feet in…