Portman Holdings, developer of 615 South College in Uptown Charlotte, announced today that Regions Bank will take 63,806 square feet of office space in the building, opening early in 2017. This is the first lease for this 370,000-square-foot speculative building located in Charlotte, North Carolina. Most of Regions’ Charlotte-area associates will relocate to 615 South College as soon as 2017.
Travis Garland, along with Trinity Partners’ John Ball and Peter Conway, represented ownership, 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 utilize to create a more collaborative space. The building is prominently positioned at Uptown Charlotte’s first light rail stop at Stonewall Station, providing unmatched access to transit, interstates, the area’s many amenities and exciting new developments, including center city’s first Whole Foods, part of a major nearby mixed-use development.
Surrounded by respected corporate neighbors, including Duke Energy and several other large financial institutions, it’s steps away from the city’s professional sports arenas, parks, and the Charlotte Convention Center, as well as the Portman-developed and owned Westin Charlotte. The design of the class-A office building includes multiple balconies and outdoor space with remarkable 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.”
About Portman Holdings
Throughout the past 60 years, Portman Holdings has developed over 50 million square feet of premium real estate around the world with a focus on hospitality, office and mixed-use properties. The vertically integrated real estate development, investment and management company commands a successful global network and has a proven track record with the world’s top financial institutions. Portman Holdings continues to achieve success through investor, partner and client relationships that deliver exceptional real estate projects. For additional information, visit www.portmanholdings.com and follow the company on Twitter via @PortmanRE.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $126 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,600 banking offices and 2,000 ATMs. Through its Corporate Banking segment, Regions serves public and private companies throughout the bank’s geographic footprint as well as across the United States through its seven Specialized Industry groups. Regions provides investment banking advisory and capital raising services through Regions Securities LLC. In addition, Regions Capital Markets, a division of Regions Bank, provides products and services including syndicated loan facilities, interest rate, commodity and foreign exchange risk hedging. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About CBRE Group, Inc.”¨
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.