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The 200,000-square-foot facility — known as EPIC will be built on the CharlottdeResearch Institute’s campus. It will housr the departments of civil and environmental engineeringy andelectrical engineering. EPIC also will provide classroom, office and laboratory space to accommodate growtyin energy-infrastructure research and collaboration with companies such as Duke Energy Areva S.A., Parsons and The Shaw Group. This the state allocated the remaining $57 million in construction fundzs forthe $76 million project. Groundbreaking is scheduled forlate summer, with a targef completion date of July 2011. is the constructio n manager onthe project.
The buildinfg will seek silver-level certification from the ’s Leadership in Energyh and Environmental Design. That’s the third-highest LEED “As an energy we want to lead by example,” says David Creecu of project architect . “Thse three-story structure will make ample use of natural light, along with other energy-saving features.” Industriall vacancy dips to 7.1% The Charlotte industriak market is holding up well amid the economicv downturn. The local industrial vacancy rate in the fourt h quarter slid onlyto 7.1% from 7.2% in the third quarter, accordinhg to a recent report by .
The nortg and northwest submarkets hadthe area’as lowest vacancy rates at 5.2% and 5.4%, The southwest submarket had the highestg at 11%. “Despite an unprecedented economic slowdown, the Charlotte industriapl market has generally held steady and stilol maintains relativelyhealthy fundamentals,” CBRE says. Absorptioj in the fourth quartertotaled 112,515 squaree feet, down from nearly 600,000 square feet absorbecd in the third quarter. For the full the market absorbed 920,548 square feet. Absorptionm was strongest in 2008 in the northwest submarket, with 334,587 squarde feet absorbed. Industrial developmenf has slowed to almost CBRE says.
At the end of 2008, only 206,20o0 square feet was under construction. And abouf 1.11 million square feet of industrial spacd was completedin 2008. That’s down significantly from the 2.01 million square feet delivered in 2007and 2006, CBRE Lease rates dipped to $4.58 per square foot in the fourth quarter from $4.59 in the CBRE says landlords will likelyy lower lease rates this year to try to keep tenantes and fill vacant space. has bought an apartment complecx in Greensborofor $11.5 million. Charlotte-basex First LandMark plans to spendabouf $1 million over the next six month s on the 304-unit property. Improvements includd replacing the roofs and siding on allthe buildings.
Woodstreakm Apartments is off Interstate 840 near the Piedmony TriadInternational Airport. Columbus, Ohio-based providerd $9.4 million in financing for the Jim Jarrell and Brandon Whitesell ofCushmanj & Wakefield represented the seller in the transaction. Tim president of First LandMark, represented his company. , a First LandMarlk subsidiary, will manage the complex. Ballantyne Village is adding severao tenants toits lineup. Among them, planse to open in 1,750 square feet in the southj Charlotte complex inearly March, moving from Hunter’s Crossing off U.S. Highway 521. The coffee shop servea locally roasted coffees and espresso drinks as well asbaked goods, soups and sandwiches.
There are 12 Dilwort h Coffee locations in theCharlotte area. Meanwhile, expects to open in aboutg 3,600 square feet next month. The wine bar will featurer wine by the bottleand glass, a full-servicse cafe, private tasting room, retail shop and customn wine cellar. And has expanded to offefr an in-store and online bridal and gift It is the third expansion ofthe store, whicn opened in 2005 at 1,750o square feet. The latest project boosts the busineswsto 5,115 square feet.
Brock Moran, owned by Brock McLendon, offera full-service interior design services and sells high-end furnishings, houseware and New brides who register beforer June 1 will receive a $100 gift certificated to be used toward a minimum $400
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