{"id":1004713271,"date":"2024-05-10T02:19:48","date_gmt":"2024-05-10T10:19:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004713271"},"modified":"2024-05-10T04:01:26","modified_gmt":"2024-05-10T12:01:26","slug":"stiles-shorenstein-open-186m-charlotte-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stiles-shorenstein-open-186m-charlotte-office-tower\/","title":{"rendered":"Stiles, Shorenstein Open $186M Charlotte Office Tower"},"content":{"rendered":"\n

<\/p>\n\n\n

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\"Property
The tower rises in South End close to a plethora of dining facilities. Image courtesy of Stiles<\/em><\/figcaption><\/figure><\/div>\n\n\n

The joint venture between Stiles and Shorenstein Properties has opened 110 East, a 23-story, 370,000-square-foot Class A office building in Charlotte, N.C. Hastings Architecture designed the $186 million development, while Shelco served as general contractor.<\/p>\n\n\n\n

The partnership broke ground<\/a> on the project in January 2022 and topped it out<\/a> in August 2023. Global Atlantic Financial Group provided a $137 million construction loan set to reach maturity in January 2025, according to CommercialEdge information.<\/p>\n\n\n\n

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READ ALSO<\/strong>: Where Office Work Is Heading Now: CoreNet Global Survey<\/a><\/p>\n\n\n\n

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Having received LEED Gold certification and Platinum WiredScore, 110 East Office features 29,000-square-foot floorplates with 13-foot, 4-inch floor-to-floor heights and 11-foot Clear Vision glass. The building also includes 7,000 square feet of ground-level retail and a 900-space parking garage.<\/p>\n\n\n\n

Amenities include a 100-seat conference room with a retractable wall providing up to six configurations and a 4,000-square-foot gym. Moreover, the 11th floor has a sky lobby featuring a 3,000-square-foot terrace.<\/p>\n\n\n\n

Located at 110 East Blvd., the office tower rises in a 96-walk score area adjacent to the East\/West Station Platform, as well as to the Charlotte Rail Train Station. Downtown Charlotte is less than 2 miles away, while interstates 77, 277 and U.S. Route 74 are within a 3-mile radius.<\/p>\n\n\n\n

Charlotte’s sturdy office market<\/h2>\n\n\n\n

The national office supply pipeline bolstered 87.9 million square feet of under-construction space as of March, accounting for 1.3 percent of total stock, a recent CommercialEdge report<\/a> reveals. By comparison, Charlotte\u2019s pipeline totaled 2.6 million square feet or 3.3 percent of stock, bucking national trends.<\/p>\n\n\n\n

Meanwhile, Charlotte\u2019s vacancy rate clocked in at 14.5 percent, well below the national average of 18.2 percent, although up 310 basis points year-over-year, according to the same report. The average full-service listing rate of $31.30 per square foot was also well below the $37.74 per square foot recorded nationally.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Atlantic Financial Group provided $137 million in construction financing. <\/p>\n","protected":false},"author":3471,"featured_media":1004713276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21782,21808,21742,21747,32781],"tags":[35510,37644,37196,33448,38611],"class_list":["post-1004713271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-development","category-featured","category-latest","category-office","category-southeast","tag-global-atlantic-financial-group","tag-hastings-architecture-associates","tag-shelco","tag-shorenstein-properties","tag-stiles-corporation"],"acf":[],"yoast_head":"\nStiles, Shorenstein Open $186M Charlotte Office Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Stiles and Shorenstein Properties have opened 110 East, a 23-story, 370,000-square-foot Class A office building in Charlotte, N.C.\" \/>\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\/stiles-shorenstein-open-186m-charlotte-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stiles, Shorenstein Open $186M Charlotte Office Tower\" \/>\n<meta property=\"og:description\" content=\"Stiles and Shorenstein Properties have opened 110 East, a 23-story, 370,000-square-foot Class A office building in Charlotte, N.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stiles-shorenstein-open-186m-charlotte-office-tower\/\" \/>\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=\"2024-05-10T10:19:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-10T12:01:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/110East_041524_MikeAnthonyPhotos-4-1-aspect-ratio-400-300-1600x1200-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stiles-shorenstein-open-186m-charlotte-office-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stiles-shorenstein-open-186m-charlotte-office-tower\/\",\"name\":\"Stiles, Shorenstein Open $186M Charlotte Office Tower - 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