{"id":1004469187,"date":"2020-08-05T04:39:54","date_gmt":"2020-08-05T12:39:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004469187"},"modified":"2020-08-05T04:39:54","modified_gmt":"2020-08-05T12:39:54","slug":"charlotte-commercial-real-estate-wrap-up-july-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/","title":{"rendered":"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020"},"content":{"rendered":"
\"\"<\/a>

Centene, East Coast headquarters in Charlotte, N.C.Image courtesy of Centene Corp.<\/i><\/p><\/div>\n

Even as the city experienced a significant uptick in new coronavirus cases in July, Charlotte\u2019s commercial real estate sectors saw a sizable share of activity during the past month. Developments moved forward, even as many commercial tenants had to operate at reduced capacity. Investment activity was muted, though one sizable industrial deal highlighted continuing interest in well-positioned, stable distribution centers, even in uncertain times. Although health officials reported fewer new COVID-19 cases toward the end of the month, the longer-term effects of the pandemic on Charlotte’s economy may not be felt for some time. Catch up on our July selection of Charlotte must-knows:<\/p>\n

1. DEVELOPMENT \u2013 Centene to invest $1 billion in new offices.<\/strong><\/p>\n

After conducting a comprehensive evaluation process, the company settled on Charlotte<\/a> as the location for its new regional headquarters. The campus\u2014expected to create 6,000 new jobs\u2014will encompass several office buildings, a data center and Centene Tech University. The development will be built in four phases, the first of which is slated for completion in the second half of 2022. The site is located along Governor Hunt Road in University Research Park.<\/p>\n

2. DEAL \u2013 KKR pays $84 million for Kannapolis Amazon facility.<\/strong><\/p>\n

The company paid $260 million<\/a> for two Amazon-leased properties encompassing 2.5 million square feet in the Charlotte and Chicago markets. Morgan Stanley sold the 1.1 million-square-foot fulfillment center near Charlotte<\/a>, public records show. Capital One originated a $42.7 million acquisition loan for the deal. Delivered in 2018, the building is located on 90 acres at 6500 Davidson Highway.<\/p>\n

3. PEOPLE \u2013 CBRE strengthens tenant representation team.<\/strong><\/p>\n

The firm’s Charlotte office hired John Christenbury to serve as senior vice president in its occupier services group. He is a multi-million dollar producer and has represented several Fortune 500 companies. Christenbury\u2019s client list includes Verizon, Lend Lease, Citizens Bank and UBS, among others. Before coming to CBRE, he worked as a director at Cushman & Wakefield for six years. Christenbury holds a bachelor’s degree in criminal justice from the University of North Carolina at Charlotte.<\/p>\n

4. LEASING \u2013 Commercial Credit Group moves headquarters to 19-story tower.<\/strong><\/p>\n

The company relocated its operations to New York Life Real Estate Investors\u2019 405,000-square-foot office building at 525 N. Tryon St. The firm is moving from 227 W. Trade St., a 476,000-square-foot property owned by KBS Realty Advisors. During its 10 year tenure at its previous location, the firm grew from 17 to 80 employees and sought additional space. The financier will join existing tenants Bank of America, Regus and Frontier Capital at the 1998-built tower in downtown Charlotte.<\/p>\n","protected":false},"excerpt":{"rendered":"

Centene plans $1 billion East Coast headquarters. KKR buys Amazon property for $84 million. Here\u2019s our July list of Charlotte must-reads.<\/p>\n","protected":false},"author":867,"featured_media":1004461132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[48884,37482,32789,49681,32883],"class_list":["post-1004469187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-latest","tag-thewrapup","tag-amazon","tag-cbre","tag-centene-corp","tag-kkr"],"acf":[],"yoast_head":"\nCharlotte Commercial Real Estate Wrap-Up \u2013 July 2020 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020\" \/>\n<meta property=\"og:description\" content=\"Centene plans $1 billion East Coast headquarters. KKR buys Amazon property for $84 million. Here\u2019s our July list of Charlotte must-reads.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-05T12:39:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020\",\"datePublished\":\"2020-08-05T12:39:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/\"},\"wordCount\":436,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/07\\\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg\",\"keywords\":[\"#TheWrapUp\",\"Amazon\",\"CBRE\",\"Centene Corp.\",\"KKR\"],\"articleSection\":[\"Charlotte\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/\",\"name\":\"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/07\\\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg\",\"datePublished\":\"2020-08-05T12:39:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/07\\\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/07\\\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg\",\"width\":800,\"height\":620,\"caption\":\"Centene, East Coast headquarters in Charlotte, N.C.Image courtesy of Centene Corp.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/charlotte-commercial-real-estate-wrap-up-july-2020\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\",\"name\":\"Pavel Cazacu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"caption\":\"Pavel Cazacu\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/pavelc\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020 - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/","og_locale":"en_US","og_type":"article","og_title":"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020","og_description":"Centene plans $1 billion East Coast headquarters. KKR buys Amazon property for $84 million. Here\u2019s our July list of Charlotte must-reads.","og_url":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-08-05T12:39:54+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg","type":"image\/jpeg"}],"author":"Pavel Cazacu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/"},"author":{"name":"Pavel Cazacu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8"},"headline":"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020","datePublished":"2020-08-05T12:39:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/"},"wordCount":436,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg","keywords":["#TheWrapUp","Amazon","CBRE","Centene Corp.","KKR"],"articleSection":["Charlotte","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/","url":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/","name":"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg","datePublished":"2020-08-05T12:39:54+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg","width":800,"height":620,"caption":"Centene, East Coast headquarters in Charlotte, N.C.Image courtesy of Centene Corp."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-wrap-up-july-2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Charlotte Commercial Real Estate Wrap-Up \u2013 July 2020"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8","name":"Pavel Cazacu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","caption":"Pavel Cazacu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/Centene-East-Coast-headquarters-in-Charlotte-N.C.-Image-courtesy-of-Centene-Corp..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004469187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/867"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004469187"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004469187\/revisions"}],"predecessor-version":[{"id":1004469361,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004469187\/revisions\/1004469361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004461132"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004469187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004469187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004469187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}