A $140 million adaptive-reuse project in the west side of Charlotte has signed its first three tenants.
Lower Tuck is a seven-building project in the Seversville, Wesley Heights and Enderly Park neighborhood.
The three Ntenants, occupying over 34,000-square-feet of office space, include a global manufacturer’s headquarters, interior design firm and marketing agency, according to developer Third & Urban. All three are expected to move in by the spring, Atlanta-based developer Third & Urban said in a news release Wednesday.
In September, Third & Urban said it would expand the Lower Tuck “campus-sized community” with a $60 million investment adding three buildings to the four-building project, The Observer reported.
Garden and power toolmaker Positec will move its Charlotte-based North American headquarters from north Charlotte to the new 27,000-square-foot space.
Positec’s roughly 100 employees will move from 10130 Perimeter Parkway in north Charlotte, Positec CEO and President Chris Allen said. The company has a second location on Statesville Road with about 100 call center and warehouse employees, and they will remain at that north Charlotte site he said.
As the company’s lease ended at the Linville Building, Allen said Positec looked throughout the city for about six months before landing on Lower Tuck.
“We see the potential that it has and it’s a real fast-growing and vibrant part of Charlotte,” Allen said.
Lower Tuck provides walkability for employees to coffee shops, restaurants and breweries, as well as the greenway, Allen said. And from a recruiting standpoint, it’s also close to the airport and uptown, he said.
The building itself, Allen said, with high ceilings and natural light, will be “great for collaboration, creativity and innovation.”
Positec also will take advantage of the building’s view of the city with an outdoor living area for informal meetings and gathering area, Allen said. He expects to move in around April or May.
The company’s corporate headquarters, founded 27 years ago, is in China. Positec opened its U.S. headquarters in Charlotte about 15 years ago.
The other two tenants are:
? Interior Elements, an Alabama-based corporate interior designer and consulting firm, will move its Charlotte office from West Hill Street to Lower Tuck after opening with four employees three years ago.
The new, 5,000-square-foot space is needed as the company grows and now has 12 employees, said Don Rush Jr., vice president of market development for Interior Elements.
The repurposed look of the space and easy access to the interstates and uptown were appealing. “We feel like it’s the next big thing,” Rush said. “It’ll be a fun spot when everyone is in there.”
Interior Elements has six locations in four states, including in Raleigh and Columbia.
? Mason Interactive, a New York City-based digital marketing agency, will open its second location in Charlotte in a 2,300-square-foot space at 1018 Jay St., suite 470. Officials with Mason Interactive could not immediately be reached for comment Wednesday.
The Lower Tuck mixed-use project, less than 2 miles from uptown, started in the summer.
The first phase started with an $80 million redevelopment of four warehouse buildings at 929 Jay St., 1018 Jay St., 800 Gesco St. and 835 Gesco St. Construction of the 260,000-square-foot space finished in September.
In September, Lower Tuck added 130,000 square feet of space with three new buildings at 926 and 1100 Tuckaseegee Road and 1026 Jay St. Tenants already at the space are Not Just Coffee and Hygge Coworking, both at Jay Street.
Third & Urban partners with JLL and Thrift Commercial Real Estate Services for leasing.
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