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
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 110 East Boulevard
- Market: Charlotte, NC
- Square Footage: 40,000 SF
- Landlord: Stiles & Shorenstein Properties
- Tenant: SouthState Bank
- Landlord's Representative: Jennifer Kurz, Rhea Greene & John Hannon - Trinity Partners
- Tenant's Representative: Chris Schaaf & Jim Thorp - JLL
- Lease Date: 05/21/2025
- Move-in Target: Q2 2026
- Number of Staff: 100
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
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