Region's Bank Lease Takes Down Big Chunk Of Uptown Spec
The supply of Uptown office space is growing, so the question now is whether demand will keep up. So far, it has. The latest deal for a large block of Uptown office is Regions Bank's lease of nearly 64k SF of 615 South College, a spec building under development by Portman Holdings.
It's the first lease at the 370k SF building, which will open early next year. The development includes open floor plates to encourage worker collaboration and is near Uptown's first LYNX light rail stop at Stonewall Station, features both aimed at attracting Millennials and the companies that employ them. As for the bank, Portman Holdings CEO Ambrish Baisiwala notes it has been a "great partner in our development projects," and that the latest lease will grow their relationship.
According to John Turner, head of Regions Corporate Banking, the company is designing its new space to increase interactions among its range of business groups in Charlotte. Portman Holdings' Travis Garland, along with Trinity Partners’ John Ball and Peter Conway, repped ownership, while CBRE's Sim Wilson, Mike Fahey and Mark Decherd repped Regions.
