When the new Erwin Penland building currently under construction is completed in September, it just might be a sort of musical chairs for downtown office space as several tenants are planning to relocate their existing offices to the new building.
New tenants at the five-story, 125,000 square foot office building located at 110 East Court St. will include Erwin Penland, Parker Poe, Cherry Bekaert, Hughes Commercial and Centennial American Properties. “The building is about 73 percent leased right now,” said, Jackson Hughes, president of Hughes Commercial Properties, which is developing and managing the building.
Office space is being marketed for approximately $30 per square foot and the project is on schedule with the first tenants, Hughes Commercial and Centennial American Properties, slated to move in in September.
The Broad Street Parking Garage will open first, sometime the first week or two of May, and will includes 630 new parking spaces. Approximately 150 of those spaces will be available to the public, along with additional nights and weekend spaces, said Hughes. Access to the garage will be available via Broad and Court Streets.
The new building and parking garage will also serve as the catalyst to the city’s new “North of Broad District” and signage will be throughout the new project notating the new district to draw awareness. As part of the project, Hughes Commercial Properties will refurbish the area under the Church Street Bridge from McBee Avenue to Broad Street with walking paths, landscaping and public outdoor gathering spaces.
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The new Erwin Penland building will include:
Parker Poe, 6,000 sq. ft., second floor
Erwin-Penland, 48,000 sq. ft., third and fourth floors
Cherry Bekaert, 12,000 sq. ft., fifth floor
Hughes Commercial Properties, 6,000 sq. ft., fifth floor
Centennial American Properties, 6,000 sq. ft., fifth floor
Also on site:
Office space still available, 11,000 sq. ft., second floor, and 17,000, first floor, marketed by NAI Earle Furman
3,750 retail space, first floor. Not yet leased but likely to be restaurant space
7,200 sq. ft., event space for corporate events, weddings, rooftop
