CHARLOTTE, North Carolina (April 11, 2024) – KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces that it signed 111,673 square feet in lease agreements in 2023 at Carillon, a 488,277 square-foot, Class A office tower in uptown Charlotte, North Carolina. In addition, the firm completed an impressive $1.5 million renovation to the property. Carillon is owned by KBS Real Estate Investment Trust III.
The leasing activity reinforces the consistent performance of high-quality, well-amenitized office properties in strong locations, according to Marc DeLuca, CEO and Eastern regional president at KBS.
“KBS continues to see tenants seeking properties that feature the flight to quality improvements that Carillon offers,” says DeLuca. “Companies are drawn to these highly amenitized buildings as a way to attract top talent and help them remain competitive.”
In August 2023, KBS finished construction on a hospitality-inspired renovation at Carillon that includes a tenant amenity center known as the Town Hall Floor. The floor is available to all tenants and features an additional conference room with two-way conferencing, a phone room, open lounge area for informal or formal events, a state-of-the-art coffee machine and a dedicated wellness room.
The building has received excellent feedback on the town hall space, which draws in many tenants daily to eat lunch and enjoy gourmet coffee,” says Cushman and Wakefield’s Christina Spratley, senior property manager of Carillon. “Tenants have begun to reserve the space for after-hours meetings and events. It’s also ideal for hosting happy hours.”
Additionally, the renovation included updates to the corridors and management office and the build- out of two spec suites – move-in-ready space equipped with state-of-the art technology and high-end finishes. The spec suite program at the property has been highly successful, accounting for 15,566 square feet of the office space KBS leased at Carillon in 2023, according to Allen Aldridge, senior vice president, co-director of asset management, and asset manager of Carillon for KBS.
“Firms are attracted to KBS’ spec suites because they are of extremely high-quality and designed with today’s top tenants in mind,” says Aldridge. “These spaces tend to lease up much faster, due to the attention to detail and materials used to design them.”
KBS has the ability to provide spec suites in a wide range of sizes to accommodate a broad spectrum of office users. In 2023, the firm signed leases for spec suite space at Carillon with:
A global financial firm – 5,056 square-foot new lease
Fisher Phillips – 4,919 square-foot expansion
Alliant Insurance – 3,755 square-foot new lease
Moffat & Nichol – 1,836 square-foot relocation and expansion
In addition, the renovations helped sign 51,327 square feet of leasing in the last two months of the year. The 12 total leasing transactions inked for the year include three tenant expansions and several sizable deals with prominent national and local tenants. These include:
The GSA, on behalf of the U.S. Attorney’s Office – 37,909 square-foot lease renewal
National law firm Maynard Nexsen – 21,654 square-foot relocation and renewal
Global financial services firm Lazard – 9,390 square-foot expansion and renewal
Local business law firm Rayburn, Cooper & Durham – 9,068 square-foot renewal
Carillon is a 24-story LEED Gold-certified, ENERGY STAR-rated and UL-Verified Healthy Building featuring museum-quality interiors and artwork. Located within a block of Trade and Tryon Streets, uptown Charlotte’s “Main & Main,” the property is conveniently situated near public transportation, shopping, dining, and entertainment options. With its dramatic, neo-Gothic architecture, the office tower features a newly refurbished two-story lobby with Italian Verona marble floors, a 40-foot kinetic sculpture by world-renowned artist Jean Tinguely and a grand side entry leading to the newly completed tenant amenity courtyard shared with the luxury Grand Bohemian Hotel next door. Common amenities include a state-of-the-art conference center, an on-site Bright Horizons childcare center, a fitness center with showers, a car wash, and Morton’s Steakhouse.
Jennifer Kurz, Rhea Greene, and Tim Arnold of Trinity Partners represented KBS in the recent leasing transactions.
“Companies in uptown Charlotte are seeking space in top-tier office properties like Carillon to encourage in- person work among their teams,” says Kurz. “KBS pays attention to what firms in the market need and want, and they continue to deliver that at Carillon.”
Carillon is located at 227 W. Trade Street, Charlotte, North Carolina 28202. Please find photos of the property here.
The post KBS Ends 2023 with Strong Leasing Momentum at its 488,277-SF Class A Office Tower appeared first on KBS.