CHARLOTTE-The Meridian Group of Bethesda, Md. paid $47.53 per sf for the 11-building, 1.9 million sf office, warehouse and manufacturing campus in the 3,200-acre University Research Park in this city's northeast submarket. IBM remains as the lead tenant. The deal is one of the area's largest of its kind this year.
DURHAM, NC-The Boston investment group's purchase of the four-building, 394,000-sf Triangle Business Center here marks the beginning of a hunt for one million sf of office and flex product in the Triangle, Charlotte and Greesnboro, NC markets.
DURHAM, NC-The USCO Logistics lease is one of the largest this year at a Triangle warehouse site. The transaction at the 456-acre Imperial Center has an estimated value of $2.25 million.
CHARLOTTE-The retailing scene just south of Charlotte, around Matthews, NC and Pineville, NC, is installing more upscale retailers as old leases expire. This submarket had five million sf of retail at the end of the second quarter and a 7% vacancy rate compared to a citywide vacancy level of 10%.
CHARLOTTE-The Texas-based developer, currently working on Carnegie Town Center in the SouthPark area, has agreed to reduce the amount of office space in hopes of winning city council approval.
GASTONIA, NC-Traditional neighborhood developments, representing a growing trend among developers, are taking shape here along Hudson Boulevard. The neighborhoods are 20 minutes from Charlotte's SouthPark area.
GASTONIA, NC-Preservation North Carolina envisions converting the former Firestone/Bridgestone property into apartments, offices and retail, crowned by a civic center, in this city of 60,000 residents.
RESEARCH TRIANGLE PARK, NC-Research Triangle Park, 150 miles from Charlotte, was a success from the start. Now, after more than 40 years of progress, the park is one of the most strategic and prestigious addresses in the state.
CHARLOTTE-Peak 10, a Jacksonville, FL-based company that rents network infrastructure and broadband services, plans to relocate its headquarters here by year end.
CHARLOTTE-Morris, Manning & Martin, one of Atlanta's fastest-growing law firms, plans to set up shop in Charlotte to grow its technology company client base. The firm's office space requirements are undetermined.