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News release

Charlotte, NC

Carmel Crossing Office Park Secures Ten Tenants, is 95 Percent Leased

JLL positions leases totaling 58,000 square feet for the Charlotte office development


CHARLOTTE, NC, August 4, 2017 – JLL announced today it has brokered ten leases totaling 58,000 square feet at Carmel Crossing Office Park in Charlotte. JLL began leasing Carmel Crossing Office Park in May 2015 when the project was just 70 percent leased. The 326,321-square-foot project is now 95 percent leased. JLL Executive Vice President Barry Fabyan and Vice President Stephen Woodard oversee leasing on behalf of the landlord, Vision Properties (http://vision-properties.com/).  

Carmel Crossing Office Park is located at Carmel Road and Highway 51 in South Charlotte and comprises three Class A office buildings. Vision Properties acquired the development in 2015 and completed a $2.5 million renovation of several common areas including lobbies, landscaping, conference facilities, quick service cafes and restrooms.

Notable leases include Willson Jones Carter & Baxley, P.A., an insurance defence firm with offices in North Carolina, South Carolina and Georgia is expanding within Carmel Crossing and doubling its Charlotte presence to 10,000 square feet. Third-party transportation broker Allen Lund Company will occupy 7,500 square feet. Micro D moved into 6,700 square feet and Sono Bello now occupies 9,890 square feet.

"Carmel Crossing Office Park is easily accessible to South Park, Ballantyne and a large part of Charlotte. Our park offers an excellent value for companies looking for a prime location and excellent amenities. We are committed to Carmel Crossing and the Charlotte market, and continue to implement meaningful changes to our property," said Vision Properties' EVP, William Bertolero.

"We are thrilled to welcome these top-tier tenants to Carmel Crossing. Recent high-end upgrades throughout the park, a multitude of amenities and walkable retail options make Carmel Crossing an accessible and attractive location for companies looking to grow in Charlotte," JLL's Woodard said.


About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit http://www.jll.com/.