CNL Commercial Real Estate Wins Leasing of 121 West Trade Street Building
Posted on August 18, 2015
--Company looks to reposition classic Charlotte building with new features that will attract tenants --
CHARLOTTE, N.C. (August 18, 2015) – CNL Commercial Real Estate is proud to announce that it has been awarded leasing of the iconic 121 West Trade Street building, which is located at the corner of Trade and Tryon streets in Downtown Charlotte. CNL Commercial Real Estate will work with building owners, The Dilweg Companies and Greenfield Partners, as it seeks to reintroduce this seminal skyline asset to the tenant marketplace. CNL Commercial Real Estate has been handling management of the building since December of last year.
121 West Trade is a 329,930 square foot, 32-story class “A” office building that possesses substantial amenities for both its tenants and the Charlotte community at large. These amenities include an on-site café, the Charlotte City Club, on-site parking, and The Cut barbershop. CNL Commercial Real Estate’s management team and the owner previously implemented numerous tenant-focused processes and activities, which began a systematic effort to reposition the asset as a unique destination for tenants, including a new parking management company, highly personal outreach to existing tenants and a concierge-focused security personnel.
121 West Trade’s very unique location on The Square affords its tenants rare access to a wide selection of amenities and access unmatched anywhere else in the Charlotte region. Ninety-three restaurants, three gyms and 12 coffee shops are all accessible in less than a five-minute walk from 121 West Trade. Within a two-block radius of 121, access options for building employees include nearly 15,000 parking spaces, Blue Line Light Rail, Gold Line Streetcar, Gold Rush, and BikeShare. These features, along with ease of access and the building’s position in the heart of the city, are qualities that also drew CNL Commercial Real Estate in as a tenant.
“The creative potential at 121 West Trade is something we’re really excited to harness,” said Charles Jonas, principal and market leader at CNL Commercial Real Estate, Charlotte. “We are very grateful to both The Dilweg Companies and Greenfield Partners for giving us a chance to reposition an iconic structure for the people of Charlotte.”
“We are very excited to work with Charles Jonas and the rest of the CNL team at121 West Trade,” said Anthony Dilweg, chief executive officer of the Dilweg Companies. “We believe that this team will drive the execution of our investment plan, assist in articulating the value proposition of the asset to Tenants in the marketplace, and improve the energy at 121 W Trade through increased service offerings and a leading-edge operating environment.”
The Dilweg Companies brought CNL Commercial Real Estate on to manage 121 West Trade Street last year. Since then, both companies have been highly active in the Charlotte market, with The Dilweg Companies purchasing the Johnston Building at 212 S. Tryon St. in February and CNL Commercial Real Estate selected to manage 290,000 square feet of office space at Morehead Place, the Avery building at Morrocroft and Hedgemore Plaza, respectively.
About CNL Commercial Real Estate
CNL Commercial Real Estate offers a full range of commercial real estate services, including leasing and management, tenant representation, project management, facilities management and brokerage services, as well as a development and investment platform. It operates in all sectors of commercial real estate, including office, retail, industrial and multifamily. For more information, visit http://cnlcre.com/.