{"id":1004068868,"date":"2013-03-15T12:34:17","date_gmt":"2013-03-15T20:34:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=109594"},"modified":"2020-04-29T00:48:31","modified_gmt":"2020-04-29T08:48:31","slug":"suntrust-to-anchor-105000-sq-ft-sharon-square-office-component","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suntrust-to-anchor-105000-sq-ft-sharon-square-office-component\/","title":{"rendered":"SunTrust to Anchor 105,000-Sq.-Ft. Sharon Square Office Component"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

Atlanta-based SunTrust Banks Inc. is consolidating its Charlotte area operation and has \"\"<\/a>chosen Pappas Properties\u2019 SouthPark mixed-use development as its future location. According to a report by the Charlotte Business Journal<\/em><\/a>, SunTrust has signed a 43,500-square-foot lease at Sharon Square, which translates into the second and third floor of a five-story 105,500-square-foot Class A office building set to break ground in May. The new location will act as SunTrust\u2019s Charlotte headquarters beginning in the second quarter of 2014, the planned date of relocation.<\/p>\n

SunTrust\u2019s Charlotte presence includes a 30,000-square-foot office building under its ownership and an approximately 30,000-square-foot lease in a SouthPark office building. Some of its operations from these locations will be consolidated at Sharon Square, where the company plans to open street-level retail branch.<\/p>\n

Pappas Properties is developing Sharon Square with the Allen Tate Co. The four-phase property is currently adding a $52 million Phase Two, which broke ground in September 2012. \u00a0It comprises two luxury residential buildings with street-level retail space, as well as a 445-car parking facility.<\/p>\n

As previously reported on this page, retail will occupy 22,000 square feet and will contain restaurants and high-end boutiques. Some of the amenities of the residential component will include private courtyards, landscaped garden terraces, fitness center and elevated pool terraces. According to the Charlotte Business Journal<\/em><\/a>, units will include one-, two- and three-bedroom apartments with the first units completed in Fall 2013 along with the retail space.<\/p>\n

Phase One of the project opened in August 2012 and is anchored by Charlotte\u2019s first Whole Foods store with a total surface of 48,000 square feet.<\/p>\n

Image courtesy of pappasproperties.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Atlanta-based SunTrust Banks Inc. is consolidating its Charlotte area operation and has chosen Pappas Properties’ SouthPark mixed-use development as its future location.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[1815],"class_list":["post-1004068868","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest","tag-national"],"acf":[],"yoast_head":"\nSunTrust to Anchor 105,000-Sq.-Ft. 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