Trimont, nation’s largest commercial lender, moves to uptown tower One South
Trimont, the leading commercial real estate loan services provider in the U.S., has found a home in Charlotte: uptown’s One South.
The Atlanta-based lender is moving about 300 employees to the office at 101 S. Tryon St. by January 2026, after signing a lease for 67,935 square feet that spans three full floors, according to a news release.
It’s the Class A building’s largest lease deal to date and brings its occupancy rate to over 75%.
“One South’s combination of engaged ownership, contiguous floors, convenient parking, and access to top-tier amenities — including a variety of dining options, the One Athletic fitness center, and the world-class amenities floor at Three — will help us create a dynamic, fun and inviting work environment for our team for years to come,” Glen Peters, Trimont’s chief financial officer, said in the release.
One South’s new digs and tenants
Trimont’s move to One South is one of many new tenants the building has signed since building-owner Tourmaline Capital Partners spent over $13 million in renovations in the the 40-story tower.
About $7 million was put into creating its third-floor 22,000-square-foot amenity space, called Three. There, tenants have access to a cafe, a connection lab with a 110-inch LED screen, gaming and golf simulators and an indoor/outdoor terrace that overlooks Trade and Tryon streets.
And $2 million was spent on One Athletics, a 30,000-square-foot fitness facility featuring an indoor pickleball court, basketball court and other equipment.
Adding amenities to office spaces has been a major factor in attracting and keeping tenants, which helps stabilize Charlotte’s office vacancy rate.
As of the first quarter, the vacancy rate sits at 22.4%, according to an April report from commercial real estate firm JLL.
While the vacancy rate is higher than the national average of 19.7%, Charlotte’s office market is turning a corner, as seen in One South’s new tenant clientele.
New tenants have taken up more than 125,000 square feet of office space including Dole Food Company, who’s previous owner David Murdock recently passed.
About Trimont
Trimont’s move to One South stems from its recent acquisition of Wells Fargo’s non-agency third-party commercial mortgage servicing department.
With the purchase, Trimont manages over $700 billion in CRE loans across the U.S., or 11% of the lending market, according to a March news release from the lender. The acquisition also added more than 19,000 loans, secured by 21,500 properties.
Last year, Trimont told the Charlotte Business Journal that it would be looking to move its new Wells Fargo employees to an uptown location after purchasing the third-party department.
And last week, the Charlotte Ledger noted that Trimont may be signing a lease with One South.
This story was originally published June 12, 2025 at 1:00 AM.
