Coinbase Inks Lease for 58,000 Square Feet of Office Space in Charlotte, N.C.

[ad_1] Distant-first digital foreign money trade platform Coinbase not too long ago inked a lease for 58,600 sq. ft of workplace area in Charlotte, N.C., within the South Finish’s latest Class A+ workplace constructing.

Conor Brennan of JLL represented Coinbase, whereas Jennifer Kurz, John Hannon and Rhea Greene with Trinity Companions labored on behalf of the owner.

Reinforcing the Queen Metropolis’s rising standing as a fintech hub, the corporate noticed on this enlargement a possibility to create a “Heart of Excellence” workplace vacation spot in town. Situated at 110 East Blvd. — and dubbed 110 East — the 23-story property was accomplished in 2024 and incorporates almost 352,000 sq. ft of LEED Gold-certified workplace area.

“The sturdy market momentum at 110 East continues, pushed by the constructing’s prime location and upcoming campus redevelopment and retail,” Kurz mentioned. “With the highest 5 flooring nonetheless out there, and providing branding and signage rights, this presents an exceptionally compelling alternative for potential tenants.”

The property at 110 East is the primary part of a 1.2-acre improvement plan that seeks to create a walkable vacation spot for workplace, retail, and eating at South and East Boulevard. The lease signed by Coinbase spans throughout the 18th and nineteenth flooring of the constructing and is the biggest of the three current offers inked on the property, which totaled 115,000 sq. ft of latest offers signed in the course of the earlier 30 days.

Latest offers embody SouthState Financial institution, which is able to relocate its regional headquarters into greater than 40,000 sq. ft at 110 East. The tenant roster on the property additionally contains well being care administration firm Humana; storage options firm Patterson Pope; and trendy Spanish tapas restaurant and bar The Iberian Pig, which is able to anchor the constructing’s ground-floor retail element.

“We’re thrilled to welcome Coinbase to 110 East,” mentioned Matt Knisely, managing director at Shorenstein. “The property was designed to fulfill the wants of essentially the most dynamic, forward-looking corporations, and Coinbase’s determination to lease at 110 East is an unimaginable endorsement of this imaginative and prescient. From the constructing’s trendy design and premium facilities to its seamless transit entry and vibrant retail area, 110 East delivers an excellent office expertise for contemporary tenants.”

Boasting a preeminent, transit-oriented location, 110 East sits adjoining to the LYNX Blue Line Gentle Rail (direct cease at East/West Station), the Charlotte Rail Path, and the intersection of East and South boulevards. Nestled in a extremely walkable and bikeable a part of city, 110 East is surrounded by distinctive eateries, craft breweries, and artwork galleries. The property additionally affords its tenants unparalleled trendy accessibility, connectivity, and facilities.

Workplace area in Midtown-South Finish Charlotte at 110 East Blvd. Property picture courtesy of CommercialEdge.com.

Final modified: June 6, 2025

Earlier Story:Miami Tower Attracts Surge in Workplace Leases In regards to the Writer / Ioana Ginsac Ioana Gînsac is a artistic author overlaying all-things-CRE for a number of Yardi community publications. Subjects embody business information and market reviews, in addition to sustainable improvement, structure, urbanism, and extra. Her work has been referenced by publications together with AmericanInno, Bisnow, BusinessInsider, Business Property Government, Curbed, Quick Firm, Forbes, GlobeSt.