Anchored by Whole Foods and the regional headquarters of SunTrust Bank, Sharon Square is a truly walkable community with impeccable dining, residences and commerce all in a setting that is easily accessible and utterly alluring.

Sharon Square Charlotte

  New medical spa coming to SouthPark this summer near Whole Foodsk
 
March 15, 2017 | Press Release

A cosmetic treatment center that provides services like body contouring and cellulite reduction is coming to the Sharon Square shopping complex in SouthPark this summer.

LightRx Face & Body will occupy a 1,500 square-foot space, and construction is expected to begin soon, according to a statement this week from Pappas Properties, the Charlotte firm that developed Sharon Square.

Physicians at the medical spa will provide non-surgical cosmetic treatments like body contouring, laser liposuction, cellulite reduction, skin tightening, skin rejuvenation and laser hair removal.

Read more >>

  The Cellar @ Corkbuzz to open in SouthPark
 
March 10, 2017 | Press Release

Laura Maniec, the master sommelier and smart brain behind Corkbuzz, the wine-focused restaurant with locations in New York and Charlotte, is adding something new to the market: The Cellar @ Corkbuzz.

Located in the space right next to Corkbuzz, in Sharon Square in SouthPark (right behind the Whole Foods on Fairview), the new space will be a wine retail store and wine bar with a small-plates menu. Maniec plans to open early next week.

Calling it “a little jewel box of a space,” Maniec gave us a look at the new space Wednesday: The chandelier and library ladder to slide around the shelves of wine are still coming, but the new tasting bar already has a cool cork front and the wine-cask tabletops are ready to go. At 850 square feet, it’s a third of the size of the 2400-square-foot restaurant, but will allow enough room to add more classes and tasting experiences.

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  Inside Oak Steakhouse’s plans for SouthPark — and what’s on the menu
 
January 25, 2017 | Press Release

“We’re not a cookie cutter chain steakhouse. It will be unique,” he says.

That hospitality group also is behind O-Ku, which opened in Charlotte’s South End last year.

Oak also has locations Charleston, S.C., and Atlanta.

“I think it’s a really, really exciting time in Charlotte,” Palmer says. “I really felt like now was the time to get here.”

He looked for 18 months before settling on Sharon Square for Oak. He adds the neighborhood and just concept fit.

That mixed-use development is being developed by Pappas Properties and Allen Tate Co.

So what should guests expect at Oak?

“The menus are more chef-driven than a traditional steakhouse,” Palmer says.

Oak’s menu is centered around dry-aged, certified Angus Beef.

Among the most popular options? The rib-eye. There’s also a mix of seafood, pastas, salads and sandwiches.

Seasonal cooking is reflected in the rotating veggie and seafood selections.

A number of cocktails are on tap, including Manhattans. Barrel-aged specialties are planned as well.

The decor at that location will have a mid-century modern feel. Think bold colors, detailed woodwork and light fixtures with a modern twist.

David Thompson Architect out of Charleston is behind the design of that project. Lennon Construction Co. of Charleston is the general contractor.



Read more >>

  Charleston steakhouse opening location in SouthPark
 
October 20, 2016 | Press Release

A Charleston-based steakhouse plans to open a Charlotte location next spring in the Sharon Square mixed-use development.

Oak Steakhouse has leased a 5,219 square-foot location at Sharon Square, developed by Pappas Properties and Allen Tate Company. The restaurant will be in the SunTrust building, fronting Sharon Road. The development includes a Whole Foods, other shops and restaurants and the Solis Sharon Square apartments.

“Oak is exactly what we had envisioned for the SunTrust building,” said Brian Roth, vice president of marketing for Pappas, in a statement. The developers held the spot open for a long time, looking for the right tenant. Sharon Square’s retail space is now more than 90 percent leased, and a two-story Starbucks location should begin construction soon.

“Their inspired contemporary dishes and steakhouse classics served in a refined environment should be very attractive to both SouthPark and the Charlotte area as a whole,” said Roth.

Oak will serve “classic steak entrees and inspired contemporary dishes,” along with a large wine list and cocktails. The restaurant will serve wet- and dry-aged steaks, and will include outdoor dining.

Bill Diehl of Diehl Properties represented Oak, and Roth marketed the property for Pappas. The restaurant is expected to open in mid-March.

Oak is operated by The Indigo Road hospitality group, which also has upscale restaurants in Atlanta and Columbia. The company recently opened O-Ku, a sushi restaurant, in South End.

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  New tenant announced for Sharon Square
 
Februray 18, 2016 | Press Release

Sharon Square will add a salon to its tenant mix later this year.
The Denise Antonacci Salon has signed a lease for a 1,500-square-foot space.
The upscale, mixed-use development by Pappas Properties and Allen Tate Co. is at Sharon and Fairview roads, across from SouthPark mall.
Bill Diehl represented Denise Antonacci in the transaction, and Brian Roth marketed the property for the landlord.
That salon currently operates under the Jon Ric name and will be rebranded as part of its move to Sharon Square. It will offer a variety of services.
“The character, walkability and easy access of Sharon Square were very appealing to us and set it apart from other locations that we considered,” says Antonacci.

Read more >>

  EATER.COM: The Hottest New Restaurants in Charlotte, November 2015
 
November 16, 2015 | Press Release

Corkbuzz Ranked No. 1

Master Sommelier Laura Maniec has been helping Charlotte drink better wines since opening a location of her New York City-based Corkbuzz over the summer. Along with a highly curated wine list, the restaurant/wine destination also offers a full food menu and pairing classes so that you, too, can pick out the best wine to go with your gruyère.

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  Wealth management firm signs lease for Sharon Square offices
 
September 17, 2015 | Press Release

A wealth management firm has signed a lease for part of the fifth floor of the SunTrust office building at Sharon Square in SouthPark, Pappas Properties and Allen Tate Company said.

Second Half Strategies will take 2,888 square feet of the office building, part of a mixed-use development that includes a Whole Foods, apartments and restaurants.  “We are pleased to bring Second Half Strategies to the SunTrust Building at Sharon Square,” said Peter Pappas, CEO and founder of Pappas Properties.“Second Half Strategies has a strong reputation consistent with the caliber of tenants we are targeting.” added Pappas.

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  The 8 Best New Bar And Restaurant Openings In Charlotte
 
August 12, 2015 | Press Release

Charlotte, N.C. - Charlotte is growing, fast. New developments are lighting up the city skyline and with that comes new places to eat and drink. From New York transplants hawking fine wine to small patisseries and neighborly watering holes, here are the eight latest and greatest bar and restaurant openings in town.

Corkbuzz
South Park
Oenophiles rejoice! Manhattan meets the Queen City in this elegant wine studio led by young master sommelier Laura Maniec who eats, sleeps, and breathes grape juice. Corkbuzz is part wine bar, part restaurant, and part wine education hub. Maniec wanted a place where all levels could commiserate, without pretense, and have a buzzy good time while doing it. Corkbuzz offers brunch, lunch, and dinner along with Sunday suppers, special events, and educational classes.

Read more >>

  Starbucks To Join Sharon Square Mixed-use Community In Southpark
 
July 21, 2015 | Press Release

Charlotte, N.C. - Starbucks has signed a lease agreement to open a freestanding coffee house at Sharon Square, a mixed-use community  developed by Pappas Properties and Allen Tate Company. Starbucks will be the sole tenant  in a new two - story, 3,000 square foot building at the Sharon Road entrance to the community opposite the SunTrust office building and regional headquarters.

 “We look forward to the addition of Starbucks to SharonSquare, ” said Peter Pappas, CEO and founder of Pappas Properties.  “Starbucks adds another walkable amenity to Sharon Square that will be welcomed by our residents and the SouthPark community, ” added Pappas.

Starbucks joins a roster of regionallyand nationally recognized restaurant and a sculpting studio. Whole Foods, the Solis apartment community and the Sun Trust office anchor the Sharon Square development. Pappas reports that the Solis apartments are now more than 96% leased and that the SunTrust Regional Headquarters office building is more than 85% leased. Four retail spaces totaling 8,500 square feet are available for lease.

Nick Lukens of Moseley Real Estate Advisors represented Starbucks on the lease transaction. Brian Roth of Pappas Properties marketed the property for the landlord.

  Where a Master Sommelier Eats and Drinks in Charlotte, North Carolina
 
April 14, 2015 | Chelsea Morse | foodandwine.com | Full Article

Master sommelier Laura Maniec has fallen in love with Charlotte, North Carolina, where the new outpost of her incredible New York City wine bar, Corkbuzz, will open in June. Amid the madness of getting the new restaurant up and running (including setting up classes and events and creating a retail space), she shared her favorite spots to eat and drink in her new favorite city.

For a cozy dinner: One of my favorites is Good Food on Montford. It’s quaint and has a nice ambiance, but the food is the reason I go back time and time again. I love the steamed bun with pork belly and the garganelli pasta with house-made sausage. And I can’t forget about the mussels and fried oysters. They also have a great wine-by-the-glass list—a perfect mix of wines that are unique and interesting and some that are recognizable and well-known. goodfoodonmontford.com

For killer brunch: Heritage is amazing, especially for Sunday brunch. I’ve had an awesome duck potpie there, and I also really love their Hangover Helper: brioche with fried green tomato, bacon, pimento cheese, pulled pork, egg and onion rings. The fried chicken with scrambled eggs, grits and biscuits is phenomenal, too. When I go there for brunch, I like to drink Champagne—it’s really reasonable priced. heritagefoodanddrink.com

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  CEO: SunTrust plans to continue growth in Charlotte
 
February 17, 2015 | Rick Rothacker | CharlotteObserver.com | Full Article

Fresh off the opening of a new regional headquarters building in SouthPark, Atlanta-based SunTrust Banks plans to continue its growth in Charlotte, CEO Bill Rogers said in an interview Tuesday.

“We want to continue to invest in this market,” Rogers said during a Charlotte visit that included meetings with employees, customers and community leaders.

The bank now has about 500 employees in the Charlotte area, and Rogers expects that number to increase over time. About 200 of those employees, in businesses ranging from wealth management to bond trading, work in the new five-story headquarters building off Sharon Road.

“It’s a great symbol,” said Rogers, 57, who joined a SunTrust predecessor in 1980 and became CEO in 2011. “It’s the first post-crisis, large investment made in SouthPark, and we really love being part of that.”

SunTrust first entered North Carolina in 2004 when it acquired Memphis, Tenn.-based National Commerce Financial, parent of Central Carolina Bank. That deal came after the bank was unsuccessful in breaking up Charlotte-based First Union’s 2001 bid to buy Winston-Salem-based Wachovia.

“I don’t spend a lot of time looking in the rear-view mirror,” Rogers said of the thwarted Wachovia deal. “I want to keep my eyes focused on the windshield and the opportunities that sit in front of us.”

Read Full Article »

  Southern Hospitality
 
January 30, 2015 | Keia Mastrianni | CharlotteObserver.com | Full Article

Dogwood Southern Table and Bar opened in early November in SouthPark. Just like any good Southerner, the restaurant opened its doors with a special kind of warmth found only below the Mason-Dixon line. Dogwood, located directly behind the Whole Foods Market on the corner of Sharon and Fairview Road, aims to honor local and regional artisans through efforts that extend to the plate and beyond.

Owner Jon Dressler, the man behind Dressler’s restaurants in Birkdale Village in Huntersville and the Metropolitan in Charlotte, took a collaborative approach with this concept. A family man himself, Dressler recruited his restaurant family to seek out some of the best artisans and farmers in the region to fuel the approachable Southern inspired menu.

The restaurant space is contemporary with warm and rustic accents. Above, large wooden beams sourced from 19th century barns make an imposing statement upon entrance. A large community table in the bar area welcomes frivolity and the fireplace flickering to the right, a cozy compliment to the comfortable space. Custom art from local artist Lisa Gorman decorates the walls, a touch added by Kim Dressler who contributes her design sensibilities to each of her husband’s restaurants.

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  Solis Sharon Square apartments 70 percent leased
 
January 29, 2015 | Ely Portillo | CharlotteObserver.com | Full Article

Terwilliger Pappas’ newest apartment development - Solis Sharon Square - is about 70 percent leased, developer Peter Pappas told me on a recent tour of the property.

The upscale mixed-use development has also leased about half of its retail space, with restaurant Dogwood Southern Table open and Corkbuzz and Rusty Bucket to follow by June. The development also includes Charlotte's first Whole Foods and SunTrust's regional headquarters.

Solis Sharon Square is the first Solis development in Charlotte. Terwilliger Pappas is building a second Solis Dilworth and a third Solis Waverly in southeast Charlotte, and just got rezoning approval for a fourth Solis in Ballantyne. The company is also building Solis developments throughout the Southeast, including in Raleigh, Durham and Atlanta.

Solis Sharon Square has leased 167 out of 239 units. Pappas said two-bedrooms have been especially strong. The Latham building is fully leased, and the Graham building is still leasing as workers finish the final common spaces.

“It’s good, very good,” said Pappas. A 1-bedroom starts at $1,615 a month, while a 2-bedroom starts at $1,985.

Read Full Article »

  Rusty Bucket & Tavern eyes summer opening in Charlotte’s SouthPark
 
December 17, 2014 | Jennifer Thomas | Charlotte Business Journal | Full Article

SouthPark’s Sharon Square will add the Rusty Bucket & Tavern to its restaurant options next summer.

The Ohio-based eatery will take a 4,800-square-foot space, complete with a courtyard and fire pit for outdoor dining.

It will be Rusty Bucket’s first location in North Carolina.

Sharon Square is a mixed-used development at Sharon and Fairview roads that is being developed by Pappas Properties and Allen Tate Co.

The Rusty Bucket & Tavern concept was created by Gary Callicoat and Cameron Mitchell.

It offers the feel of a neighborhood grill, with a menu of familiar dishes. All menu items are prepared from scratch with fresh ingredients.

That includes sandwiches such as the Buffalo Chicken sandwich, Asian Tuna wrap and the Rusty Bucket chili dogs as well as a variety of burgers and pizzas. Entrées include pan-seared salmon, meatloaf, ribs and Mahi-mahi tacos. The restaurant also offers variety of soups, salads and sides.

“Rusty Bucket’s food and execution are tremendous, and its fun, casual concept will be a great compliment to our current restaurant tenants,” Peter Pappas, CEO and founder of Pappas Properties, said in a news release.

  Dogwood Southern Table & Bar preps for Wednesday opening
 
November 4, 2014 | Jennifer Thomas | Charlotte Business Journal | Full Article

Dogwood Southern Table & Bar is putting the finishing touches on its SouthPark restaurant, slated to open Wednesday.

Construction of the 4,100-square-foot restaurant at Sharon Square started in early August.

That mixed-use development is at Sharon and Fairview roads.

The end result has turned out better than owner Jon Dressler could have hoped for.

“It’s amazing when each detail is layered on how much prettier the place becomes,” Dressler says.

This will be the third Charlotte-area restaurant for Dressler and his wife, Kim. They also operate Dressler’s restaurants in Huntersville’s Birkdale Village and The Metropolitan in Charlotte.

The goal with Dogwood was to create an eatery that combines cozy, comfortable and classy, Dressler says. The decor combines neutral colors, light-colored brick and stained concrete floors. Reclaimed barn trusses from an 1850s farmhouse serve as a focal point, as does a fireplace at the heart of the restaurant.

  Sharon Square wins honors for office, mixed-use categories
 
October 31, 2014 | Will Boye | Charlotte Business Journal | Full Article

The five-story Sharon Square office building is the first office project to be constructed in SouthPark since 2007, when Piedmont Town Center was finished.

Located at Sharon Road and Ashley Park Lane, the building is already more than 80% leased by anchor tenant SunTrust Banks Inc. The bank has a branch on the ground floor and has leased the building’s second, third and fourth floors for its regional headquarters.

SunTrust originally signed a lease for 43,500 square feet at Sharon Square in 2013 and expanded its space this summer, taking an additional 19,000 square feet.

The building is part of the larger mixed-use project that's being developed by Pappas Properties and Allen Tate Co.

Pappas Properties and Terwilliger Pappas recently relocated their offices to 5,000 square feet on the top floor of the building.

SunTrust had been leasing 30,000 square feet on Morrison Boulevard in SouthPark, and it owns an office building at 101 S. Kings Drive of equal size.

“Sharon Square in SouthPark meets all of our criteria and will provide a prominent presence that reflects and reinforces our commitment and continuing growth in this important market,” said Bill Peele, SunTrust’s regional president.

  SunTrust takes another floor at Sharon Square
 
August 18, 2014 | Will Boye | Charlotte Business Journal | Full Article

SunTrust Banks Inc. (NYSE:STI) has taken an additional 19,000 square feet of office space at the Sharon Square office building, leasing the fourth floor of the new five-story development in SouthPark.

The Atlanta-based bank has now leased the second, third and fourth floors of the building and also has a branch on the ground floor that opened in April.

Last year, SunTrust announced it would anchor the 105,500-square-foot building and locate its Charlotte regional headquarters at the development at Sharon and Fairview roads. SunTrust plans to move in at Sharon Square this fall.

The office building is the first to be constructed in SouthPark since Piedmont Town Center was completed in 2007, and it’s part of the larger Sharon Square mixed-use project being developed by Pappas Properties and Allen Tate Co., which includes 239 luxury apartments and 22,000 square feet of retail space adjacent to the Whole Foods Market.

With the SunTrust expansion, the Sharon Square office building is more than 80% leased, with approximately 15,000 square feet of office space available on the fifth floor and space remaining on the ground floor for an restaurant or retailer.

Pappas Properties recently relocated its offices to roughly 5,000 square feet of office space on the top floor from the Metropolitan development in midtown Charlotte.

Charles Jonas of Jones Lang LaSalle represented the landlord on the fourth-floor lease.

  Dogwood Southern Table & Bar targets November opening in Charlotte’s SouthPark
 
July 3, 2014 | Jennifer Thomas | Charlotte Business Journal | Full Article

Jon and Kim Dressler’s SouthPark restaurant venture has a name.

The couple plan to open Dogwood Southern Table & Bar - named for North Carolina’s official state flower - at Sharon Square this November. That mixed-use development is at Sharon and Fairview roads.

Construction of the 4,100-square-foot restaurant could start in early August, says Jon Dressler.

“We’re excited about, not only the market, but also the different cuisine we’ll be able to branch out and do,” he says.

Dogwood wants to offer something different from existing SouthPark restaurants, while complementing what’s already in the market, he adds.

The venture will offer “elevated Southern comfort food” in a casual environment. That means the menu will feature familiar items such as fried green tomatoes, corn and butter bean succotash, N.C. shrimp and grits and slow-braised beef brisket, ribs and prime rib.

A beverage program will offer specialties such as Cheerwine in glass bottles, French press coffee and infused drinks from blends made in-house. What elevates the cuisine will be the focus on using local ingredients in a chef-driven environment, overseen by Chef Scott Hollingsworth, Dressler says.

Dogwood’s goal is to offer locally source items from produce to beer. About 15 farms have been lined up to supply the restaurant.

“We’re trying to keep everything N.C.,“ Dressler says.

The restaurant will be open for lunch and dinner seven days a week, with brunch served on weekends. It will seat about 160, including the patio. The design aims to create a comfortable, rustic feel with clean and simple lines. The venue will feature warm, neutral colors, stained concrete floors, brick columns and exposed wood trusses.

  Dressler’s owner plans Southern restaurant at SouthPark
 
June 4, 2014 | Jennifer Thomas | Charlotte Business Journal | Full Article

The owner of Dressler’s is developing a restaurant for Sharon Square in Charlotte’s SouthPark. Jon Dressler plans to open the venture - which is not yet named - this fall. Plans call for a roughly 4,000-square-foot space with outdoor dining.

It will feature a menu described as “elevated Southern fare.”

The goal is to offer Southern comfort food in a casual environment. The menu will include roasted meats, fish, locally sourced vegetables and desserts. The restaurant will be open for lunch and dinner.

Sharon Square is a mixed-use development at Sharon and Fairview roads. It is being developed by Pappas Properties and Allen Tate Co.

“Sharon Square is an ideal setting for our clientele given its easy access to the many affluent neighborhoods throughout south Charlotte,” Dressler says.

This will be the third Charlotte-area restaurant for Dressler’s, following ventures in Huntersville’s Birkdale Village and The Metropolitan in Charlotte. Those restaurants also are located in Pappas developments.

“Jon and his team are proven operators, and they have earned a reputation for serving food of outstanding flavor and quality,” says Peter Pappas, founder of Pappas Properties.

Sharon Square will incorporate apartment homes, restaurants, shops and offices. It houses Charlotte’s first Whole Foods Market, which opened in 2012.

Brian Roth of Pappas Properties marketed the property and represented the landlord.

  Wine bar Corkbuzz confirms location in Charlotte's SouthPark
 
March 18, 2014 | Jennifer Thomas | Charlotte Business Journal | Full Article

Corkbuzz Wine Studio has confirmed it will open a location in Charlotte's SouthPark area this summer.

Plans call for a roughly 2,000-square-foot wine bar and restaurant, plus an outdoor patio, in Sharon Square.

That mixed-use development is located at Sharon and Fairview roads. It is being co-developed by Pappas Properties and Allen Tate Co.

“Charlotte is an exciting and evolving food destination, and we look forward to building on this energy with Corkbuzz,” says Laura Maniec, co-founder.

Maniec, a master sommelier, created Corkbuzz with Frank Vafier. The first location opened in New York City’s Union Square in 2011.

The wine and dining concept caters to both expert and novice wine enthusiasts, with wine education and ingredient-driven menus.

Corkbuzz will be the first of several signature restaurants and retailers that will be announced for Sharon Square over the next few months.
  Solis Sharon Square Apartments Opens an Onsite Information Center
 

Sharon Square has opened an onsite information center with complete information on the Solis apartments as well as the office and retail components of Sharon Square. Leases are now being accepted for the studio, one and two-bedroom apartments with the first homes and amenities slated for completion by February.

Greystar Management is providing leasing and management services for the 239 homes that will make up Solis, a development created by Pappas Properties and Allen Tate.

  SouthPark milestone: First new office building since 2007
 
July 11, 2013 | Deon Roberts | Charlotte Observer | Full Article

It’s been about six years since a new office building has risen in SouthPark, but that’s changing.

On Thursday morning, a ceremony was held to mark the completion of the tallest part of a five-story office building that will be part of the roughly $95 million Sharon Square mixed-use development.

The building will be home to a regional headquarters for Atlanta-based SunTrust Banks, which will take up floors one through three.

The bank acquired branches in Charlotte and elsewhere in North Carolina after it bought Memphis, Tenn.-based National Commerce Financial Corp., parent company of Central Carolina Bank, in 2004. It plans to consolidate some of its Charlotte operations, including a nearby branch, into the new, $25 million headquarters building, in a move designed to give SunTrust more visibility.

As for the rest of the Sharon Square projects, which will include housing and shopping at Fairview and Sharon roads, work remains and buildings are still under construction. Whole Foods is the sole business open in the eight-acre project so far.

Sharon Square is expected to feature 239 apartments and about 89,000 square feet of retail space, including restaurants. The apartments and retail space are expected to be finished by the second quarter of next year.

“Our goal is to create an exceptional environment here,” developer Peter Pappas said at Thursday’s event. His company was behind the Metropolitan in Midtown and Birkdale Village in Huntersville, both mixed-use projects.

As a light rain fell on the halfway-built SunTrust building, attendees at the so-called topping-off ceremony crowded under a tent and watched as a crane placed a small tree on the top of the headquarters, a tradition in the construction industry. A select group of attendees signed a beam that was also placed on the top of the building.

Bill Peele, president of SunTrust’s Mecklenburg/South Carolina region, said the bank will relocate operations at 6836 Morrison Blvd. and in Piedmont Town Center to the headquarters building, which will house, among other things, the bank’s wealth-management staff.

Also, a SunTrust branch that sits mere feet away from the new headquarters building will be shuttered and moved to the headquarters. Peele said about 160 SunTrust employees will eventually work in the building, which will have space left over for other tenants on floors four and five.

Peele said the new headquarters is designed to “create more presence” for SunTrust.

“We like the visibility of SouthPark,” he said.

Pappas, developing Sharon Square with the Allen Tate Co., said the SunTrust building will be “substantially complete” by the end of the year. Also, he said, an information center for the Sharon Square project is expected to open in about 45 days.

SunTrust provided the financing for the headquarters. Pappas, on Thursday, called SunTrust “quite a coup” for Sharon Square.

SouthPark continues to be a magnet for banks, which in recent months have announced plans for branches or regional headquarters in the area. SouthPark, bank officials say, is a desirable location for them, in part because of fast growth in the area and the presence of upscale clientele.

SouthPark, the Charlotte area’s third-largest suburban office market, last saw new office construction in the third quarter of 2007, when the 125,000-square-foot Carolinas Medical Center Morrocroft facility was finished, according to Karnes Research Co.

 
 

SunTrust to anchor new office building at Sharon Square

 
Mar 13, 2013 | Will Boye | Charlotte Business Journal | Full Article

SunTrust Banks Inc. will anchor a new, 105,500-square-foot office building at the Sharon Square mixed-use development in SouthPark.

The bank has signed a lease for approximately 43,500 square feet and will locate its Charlotte regional headquarters at the development at Sharon and Fairview roads.

SunTrust will occupy the second and third floors of the five-story building and also will open a retail branch on the first floor. Construction is scheduled to begin in May, and the bank plans to move in by the second quarter of 2014.

SunTrust would consolidate some existing space into the location. The bank currently occupies about 30,000 square in the Avery building on Morrison Boulevard in SouthPark, and it also owns an office building at 101 S. Kings Drive that totals about 30,000 square feet. “We’ve been in search of a strategic location to bring a cross-section of teammates together and enhance our ability to serve our clients in the region,” said Bill Peele, SunTrust’s regional president, who has put together a new team in an effort to increase market share. “Sharon Square in SouthPark meets all of our criteria and will provide a prominent presence that reflects and reinforces our commitment and continuing growth in this important market.”

The project will be the first new Class-A office property built in SouthPark since the recession hit.

Developers Pappas Properties and the Allen Tate Co. are currently building 239 luxury apartments and 22,000 square feet of retail space adjacent to the Whole Foods Market at Sharon Square.

“Having a tenant the caliber of SunTrust adds value not only to this new Class-A office building, but to the entire Sharon Square mixed-use development,” Peter Pappas, president of Pappas Properties, said in a release.

Adolfson & Peterson is the general contractor on the new building, and the project architect is LS3P. Jones Lang LaSalle will handle office leasing. David Hidell of Gallant Properties represented SunTrust on the lease.

 
 
 
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