CHARLOTTE-AAC Real Estate Services plans to break ground by year end or first quarter 2001 on a 125,000-sf spec office building in the 130-acre Whitehall Corporate Center at an estimated construction cost of $14.5 million.

The first 116,000-sf, five-story building, also a spec venture, is 50% pre-leased and scheduled to open Oct.1. Rents are $18 to $20 per sf.

Whitehall Corporate Center is planned for 11 buildings comprising 1.4 million sf. The park is part of the greater Whitehall development, which totals 700 acres and encompasses Whitehall Technology Park and Crosland’s Whitehall Commons shopping center. Developing all 700 acres will take seven to 10 years at an aggregate build-out cost of $300 million, according to AAC.

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