Beacon Properties’ calculated gamble to build a 100,000-sf office building at Harris Corners Corporate Park is paying off.CHARLOTTE, NC—The first 100,000-sf, $10-million office building at Harris Corners Corporate Park isn’t even finished yet, but it’s already 70% leased. A second 130,000-sf, $13-million building is expected to break ground in September with completion by April.

Beacon Partners, the developer, started the first building after research showed 100,000 cars traveled Interstate 77 and Harris Boulevard daily from the north end of Mecklenburg County, on their way to downtown Charlotte office locations. The developer figured employers could attract more workers by locating their business near the employees’ home base.

“Tenants have told us they have cut their commuting time in half,” says Will Miller, a Beacon partner.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.