Dentsply Sirona To Occupy 59,000 Square Feet at Recently Renovated Water Ridge Office Park Near Airport
Posted on July 19, 2021
Charlotte, N.C. (July 19, 2021) – Following the 2019 announcement that Dentsply Sirona was moving its headquarters to the Charlotte area, the global dental equipment manufacturer is already expanding further in the area, recently announcing the opening of a R&D facility in the Water Ridge Office Park, in close proximity to Charlotte Douglas International Airport. The property is owned by New York Life, with leasing and management provided by Foundry Commercial.
Located at 2725 Water Ridge Parkway in Charlotte, Dentsply Sirona will occupy 59,000 square feet in three floors in the office park. Presently, Dentsply Sirona employs approximately 300 people in the greater Charlotte area. The company’s headquarters are in Ballantyne. The Water Ridge property appealed to Dentsply Sirona – among other interested parties – following property improvements that New York Life and Foundry have made to the park over the past few years.
“During the course of the past couple of years, we have partnered with the property owner, New York Life, to make substantial improvements throughout the office park, renovating lobbies, corridors, restrooms and external features, while also enhancing amenities for tenants, adding two new outdoor fitness centers, rotating food trucks, annual summer block parties, online food service programs, and discounts to local retailers,” stated Karah Stumler, Vice President of Office Agency Leasing for Foundry Commercial in Charlotte.
Of the five fitness centers located within the office park, one is directly adjacent to the building that Dentsply Sirona will occupy. In addition, there have been enhancements made to the parking lot, including repaving and re-striping of the entire office park. New York Life also now offers multiple, brand-new spec suites ranging in size from 2,000 – 6,000 square feet throughout the office park, and a major landscape overhaul is currently underway.
Foundry’s John Ball and Karah Stumler represented landlord New York Life in the transaction. Keith Bell with Cushman & Wakefield represented Dentsply Sirona.
About New York Life
New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies**. New York Life Group Benefit Solutions products and services are provided exclusively by or through Life Insurance Company of North America or New York Life Group Insurance Company of NY, formerly known as Cigna Life Insurance Company of New York (New York, NY), or by or through affiliates or subsidiaries of Cigna Corporation. Life Insurance Company of North America is not authorized in New York and does not conduct insurance business in New York.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/2/2021. For methodology, please see http://fortune.com/fortune500/.
**As reported by “Fortune 2021 World’s Most Admired Companies ranking within Insurance (Life and Health),” Fortune magazine, 2/1/2021. For methodology, please see https://fortune.com/franchise-list-page/methodology-worlds-most-admired-companies-2021/
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with over 380 employees and more than 60 million square feet of management and leasing across the Sun Belt. Since 2007, Foundry has provided leasing, brokerage, building management, corporate services, and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than $1.5 billion in advantaged investment opportunities with their JV partners. For more information, visit www.foundrycommercial.com.