The property is being renamed the 139 South Tryon Building andwill have some ground-floor retail. Rental rates haven't been setbut principals Buddy Green, Sarah Ledbetter and Diane Rivers expectto compete in the Uptown market where rates are ranging from $28per sf in the newest and best buildings to about $12 per sf inolder properties. Because it has been difficult for companies tofind Uptown space in blocks as small as 7,000 sf, the groupbelieves the timing is right for putting the building back on themarket.

First Charter acquired and renamed the building after itsacquisition two years ago of Home Federal. The bank later closedthe building and moved its bank branch across the street to theJohnston Building.

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