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Colliers states that as a company-owned operation, the Charlotte office will further augment the Toronto-based firm's owned operations by adding service capabilities in what it describes as “one of America's vibrant and fast-growing markets.”
Forty540, located in the RTP/I40 Raleigh submarket, was 100% leased at the time of sale to the buyer Align Technology, which houses the company's Americas region headquarters at the property.
Building off the momentum established in the third and fourth quarters of last year, the office market kicked off the year on a positive note, according to a JLL first quarter office report.
A healthy supply and demand balance is evident in DFW industrial with vacancy creeping higher, most notably in the North Fort Worth/Alliance submarket which is pulling interest from developers and tenants, especially for big box.
The WWE lease of more than 415,000 square feet was nearly 60% of all Fairfield County's 709,068 square feet of leasing activity in the first quarter. Despite the WWE's deal, the county registered 106,006 square feet in negative office space absorption in the first quarter.
The deadline for Real Estate Forum's next installment of Influencers is fast approaching. Be sure to nominate the people and firms who shape the CRE finance market by April 16th.