Charlotte, NC

CBRE Arranges Lease for IWG at First Citizens Bank Plaza in Charlotte, North Carolina

January 22, 2024

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Derek Paumen

Sr Communication Specialist

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CBRE has arranged a 40,000-square-foot lease for IWG at First Citizens Bank Plaza, a 23-story Class A office building in downtown Charlotte, North Carolina. The international coworking company will expand into the Charlotte region under its SPACES brand and move into the 18th and 19th floors of its new location in mid-February 2024.

CBRE’s Kris Westmoreland, Stephanie Spivey and Joe Franco represented the landlord, Dornin Investment Group, in the lease negotiations.

“Our marketing, coupled with the building’s strategic location and recent improvements, including a new fitness center on the first floor, has led to consistent interest from office users,” said Westmoreland. “CBRE and Dornin Investment Group are committed to finding the ideal tenants for the building and we are excited about the office prospects we’re currently pursuing.”

The property is located at 128 S. Tryon St., near Interstate 277 and proximate to several local amenities including restaurants, hotels, entertainment venues and public transportation stations. The building was recently renovated and features a new lobby, a boutique fitness center, a tenant amenity hub with lockers and showers, bicycle parking and storage, upgraded restrooms, a new lobby and MOA Korean BBQ, a 5,000-square-foot restaurant and bar on the first floor.

"Just months after stepping in as the new owner, Dornin Investment Group and the CBRE team orchestrated a seamless execution of IWG's lease amid competition from two other coworking tenants,” Amy Harris, Vice President of Asset Management for Dornin Investment Group. “Dornin Investment Group's approach to commercial office leasing involves a deep understanding of the market and tenant needs, coupled with a willingness to provide tenant improvements and competitive leasing commissions. This is why we are committed to investing over $4 million in capital improvements and cutting-edge spec suites, aimed at creating inspiring spaces that boost both business productivity and tenant satisfaction. Our vision goes beyond square footage – it's about cultivating environments that elevate businesses to new heights."

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.