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110 East Boulevard

Updated May 22, 2025

SouthState Bank Leases 40000 SF Office Space At 110 East Boulevard In Charlotte For Q2 2026
LEASEDOffice

SouthState Bank Leases 40000 SF Office Space At 110 East Boulevard In Charlotte For Q2 2026

110 East Boulevard

Building Size

40,000 SF

Asset Type

Office

Closing

May 21, 2025

About this deal

AI

The property asset involved in the transaction is located at 110 East Boulevard in Charlotte, NC. This office space encompasses 40,000 square feet, providing a significant area for business operations in a central market.

Summary of transation details:

This transaction was brokered by JLL and Trinity Partners, with representatives Chris Schaaf and Jim Thorp working on behalf of SouthState Bank, while Jennifer Kurz, Rhea Greene, and John Hannon represented Stiles & Shorenstein Properties in the lease agreement.

Players

Chris Schaaf

JLL

Broker

1 deal

Broker
Southstate Bank
Southstate BankTenant

Charlotte Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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