Beacon signs tenant for new building

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CB&I is relocating to 500 East Morehead St.

The Charlotte office of the energy infrastructure firm will be moving from its current home at 121 W. Trade St. and expanding to occupy the fourth and fifth floors of 500 East Morehead, a seven-story office and retail building under construction in Midtown.

The building is scheduled for completion in February, according to a press release from owner Beacon Partners.

“CB&I has maintained a presence in North Carolina for more than 10 years, and our employees in Charlotte are integral to our operations,” said CB&I President and CEO Philip K. Asherman in the release. “Our investment in this unique and innovative new space is an investment in our people, helping attract the best and the brightest in the highly competitive power industry.”

Beacon Partners’ office portfolio in Midtown totals over 800,000 square feet, and includes the recently acquired Cedar Hill building, a historic office project located next to the Carolina Panther’s Stadium.

Justin Leighton of Transwestern represented CB&I. Kristy Venning and Charlie Swanson with Beacon Partners represented the landlord. The project’s architect is BB+M; the general contractor is Balfour Beatty, and the lender is Bank of America.