Portman Holdings has signed a lease with the first tenant in its 370,000-square-foot speculative building in Uptown.
Regions Bank will take 63,806 square feet in 615 South College, now under construction. Most of Regions’ associates in the Charlotte area will relocate there as soon as next year. The 18-story building is expected to be finished in early 2017.
Travis Garland, along with Trinity Partners’ John Ball and Peter Conway, represented the owners, while Sim Wilson, Mike Fahey and Mark Decherd with CBRE negotiated the lease on behalf of Regions.
“This facility gives Regions a highly visible location and state-of-the-art office space that will support our long-term, continued growth in the Charlotte market,” said John Turner, head of Regions Corporate Banking. “Further, we’re designing our space within 615 South College to increase interactions among Regions’ diverse range of business groups in Charlotte. The additional collaboration provided by this space, along with our top-level talent and leadership, will position Regions well to reach more clients in the Charlotte market and beyond.”
John Portman & Associates designed 615 South College to feature modern, efficient floorplates that Regions and other tenants will use to create more collaborative spaces, according to a statement released by the company.
The building is at Uptown’s first light-rail stop at Stonewall Station, and in a stretch of Uptown between Stonewall Street and Interstate 277 that is being redeveloped from Bank of America Stadium to South McDowell Street.
The projects include:
*Lincoln Harris’ proposed redevelopment of the former Charlotte Observer property into a mixed-use project.
*Crescent Communities’ proposed mixed-use Tryon Place, including an office tower with more than 700,000 square feet of office space, 30,000 square feet of retail, restaurant space and a hotel.
*Crescent’s Stonewall Station, a 450-unit apartment building, two hotels and a Whole Foods grocery store.
*Northwood Ravin’s proposed mixed-use project with office space, retail and 421 apartment units at South Caldwell.
*BK Partners’ redevelopment of the Walton Plaza just north of South McDowell, with 395 apartments, a 150-room hotel, 107,000 square feet of retail space, and 507,000 square feet of office space.
*Proffitt Dixon’s 230-unit Presley Uptown apartments south of South McDowell Street, and a proposed 302-unit apartment project at the site of the Actor’s Theatre of Charlotte .
The 615 South College building is adjacent to the Westin Hotel, also developed by Portman. The design of the class-A office building includes multiple balconies and outdoor space with views of the city and South End.
“Regions has been a great partner to us in our development projects and we are delighted to extend and grow the relationship,” said Ambrish Baisiwala, CEO of Portman Holdings. “We are honored that Regions has entrusted us with the relocation of their business groups in Charlotte and look forward to seeing them thrive in the 615 South College space.”