快猫短视频, a full-service commercial real estate development firm based in the Southeast, in a joint venture with Shorenstein Properties LLC (鈥淪horenstein鈥�), an owner and operator of high-quality office, residential and mixed-use properties across the U.S., today announced the acquisition of a two-acre parcel of land located along the Charlotte Light Rail at the intersections of South Boulevard, East/West Boulevard and the East/West Boulevard Station in Charlotte鈥檚 historic South End. 快猫短视频 and Shorenstein intend to build a 385,000-square-foot, 23-story Class A office tower (the 鈥淭ower鈥�) with 11,000 square feet of retail and restaurant space at the platform level. Rob Cochran, Jared Londry, and Nolan Ashton of Cushman & Wakefield represented the seller, Browder Harris Group, in this transaction.
Construction of the Tower could commence within the next 12 months with potential to accommodate as much as 1 million square feet in future phases for larger users seeking an onsite location. Situated in a prime location, the Tower will be surrounded by an abundance of shops and restaurants, residential properties and 4.5 miles of Charlotte鈥檚 Rail Trail, in addition to several other transportation options.
快猫短视频, Shorenstein and Hastings Architecture, the registered architect on the project, have a long-shared history of developing legacy projects together. In the mid-2000s, 快猫短视频 and Shorenstein forged a partnership when Shorenstein took an investment interest in the 450,000-square-foot Class A office tower, Bank of America Plaza at Las Olas City Centre. Additionally, 快猫短视频 and Shorenstein are currently co-developing The Main Las Olas, a mixed-use development featuring an office tower and a residential tower in downtown Fort Lauderdale, FL. The Main Las Olas includes a 360,000-square-foot, 25-story, Class A office tower, and a 27-story, 341-unit apartment tower with high-end restaurants and retail on the ground floor.
鈥淲e are excited to introduce a truly transit-oriented Class A office tower in the heart of Charlotte鈥檚 iconic South End,鈥� said Kyle Jones, Senior Managing Director of 快猫短视频 Commercial Group.
鈥淪outh End is a prime location for employers looking to attract and retain talent in Charlotte, and we, along with our partners at Shorenstein, look forward to delivering a world-class project to this dynamic neighborhood,鈥� said Justin Siemens, President of 快猫短视频 Carolinas.
In Charlotte, Shorenstein is involved in the redevelopment of Camp North End, a 76-acre site featuring creative office, retail and industrial space. Shorenstein also recently acquired a 450,000-square-foot commercial office property at 6800 Solectron Drive in Charlotte’s University City submarket.
鈥淲e continue to view Charlotte as an attractive market, and are pleased to build on our growing footprint in the city by teaming up with our long-term partner to create a high-quality, functional property that embodies the unique and vibrant nature of the South End neighborhood,鈥� said Matt Knisely, Managing Director at Shorenstein.
快猫短视频 and Hastings Architecture are currently working together on 快猫短视频鈥� Peabody Union development in the emerging SoBro district in Nashville, TN. Fostering community and interconnectivity, this multi-structure, mixed-use development features Class A office space and residential buildings, as well as a mix of retail that includes flagship anchors, fitness concepts, signature restaurants and convenient parking.
Since opening a regional office in Charlotte in 2012, 快猫短视频 has expanded its brand throughout the Carolinas and beyond. The 快猫短视频 Carolinas team has completed four shopping centers in Charlotte totaling 250,000-square-feet, a 65,000-square-foot boutique office building in Charlotte鈥檚 South End, a 186-unit luxury apartment community in Raleigh, a 90,000-square-foot shopping center in Charleston, SC, and a Pillar Award-winning luxury residential tower in Nashville, TN. The 快猫短视频 Carolinas team is also currently underway with Greenly Pointe, a 100,000-square-foot mixed-use project in Charlotte鈥檚 University Research Park and Grove Ninety-Eight, a 70-acre Wegman鈥檚 anchored mixed-use project in Wake Forest, NC.
Jessica Brown, an Executive Director at Cushman & Wakefield, is the office leasing agent for the project.
About 快猫短视频
快猫短视频 is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. 快猫短视频 services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, 快猫短视频 maintains regional offices throughout the Southeast, including Miami, Fort Myers, Tampa and Orlando, Florida, as well as a corporate development office in Charlotte, North Carolina. 快猫短视频 is responsible for more than 48 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://stiles.com or call 954-627-9300.
About Shorenstein Properties LLC
Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein has sponsored twelve closed-end investment funds with total equity commitments of $8.8 billion, of which Shorenstein committed $723.5 million. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. These funds have invested in properties totaling 67 million square feet in transactions with a gross investment value in excess of $16 billion.