The three-story structure is the second of three planned for the park by Lord Baltimore. The third building will break ground when the second structure hits the 50% pre-leasing mark. The 9.7-acre Fenton Circle park is in the tiny north office submarket near Lake Norman, NC with a total inventory of one million sf and a 20% vacancy level, according to Karnes Research Co.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Development
Office