Charlotte bank lands large leasing deal as South End tower gains anchor tenant
South End’s 110 East office tower has signed its largest lease deal.
First Horizon Corp. will take over the top three floors of the building, becoming the anchor tenant for the 24-story tower, the Memphis-based bank and office leasing agent Trinity Partners announced Thursday.
The bank is consolidating and relocating its two other office spaces in the city. It plans to occupy 110 East next year.
The move adds to 110 East’s growing leasing progress, a major change from this time last year. Now, 110 East is about 70% occupied, having signed over 237,000 square feet this year.
First Horizon’s growth in Charlotte
First Horizon has 16 branches with about $1.6 billion in local deposits as of June 2024, according to a dataset from the Charlotte Business Journal. Overall, the bank has $82.1 billion in assets as of June 30.
The bank has grown by 150% in the last year, according to Laura Bunn, mid-Atlantic regional president for First Horizon. To accommodate the growth, the bank wanted a bigger space in a walkable area and in a highly amenitized space, Bunn added. And 110 East fit the bill with 250 workspaces and its’ 11th floor event space, according to a news release.
First Horizon will take up over 88,000 square feet in the office tower.
110 East’s leasing activity
It seems every week a new tenant is moving into the 110 East.
Last week, SPAR Group signed for 16,000 square feet and will move into the building in October. The Michigan-based merchandising and marketing company is relocating its headquarters, bringing 75 employees to the new office.
Crypto-giant Coinbase, Florida-based SouthState Bank and storage solutions firm Patterson Pope are just some of the other recent tenants to the join 110 East.
The building also will have a restaurant opening next year. The Iberian Pig, an Atlanta-based Spanish tapas restaurant, will occupy the first floor of the building.
