400 South Tryon Completes $2 Million Lobby Renovations, Begins Pre-Built Office Suite Construction

Downtown Charlotte’s 400 South Tryon has completed an office lobby renovation project, updating the iconic building’s main lobby and ground floor corridor, extending through the rear retail corridor to the Church Street building entrance.

The updated lobby features new gathering spaces with modern furniture groupings, white polished stone, porcelain, and zebrawood accents, complementing the existing structure and barrel-vaulted ceilings. Lighting updates include large-scale pendants, backlit wall panels, and updated LED lighting. Featured art includes woodblock prints and painted metal and wood wall sculptures.

Lobby and interior renovations are a part of continued building improvements made by ownership, a joint venture between Trinity Capital Advisors and DRA Advisors, LLC. System updates include replacement of the building’s cooling towers, chillers, pumps, and controls, improving 400 South Tryon’s cooling and energy efficiency. Significant upgrades to the building’s parking deck, plumbing infrastructure, and security and fire alarm systems have also taken place.

The 4,000 SF fitness center, featuring state-of-the-art equipment, locker rooms, and showers, opened last fall. Upgrades will continue through the summer, including additional elevator renovations and Church Street entrance updates.

“Our next project will be a full renovation of the passenger elevator interiors,” said Gary Chesson, Partner at Trinity Capital. “That will commence this spring, and will be completed by early summer,” Chesson added.

Additionally, ownership is renovating the eighth floor with modern pre-built suites available for immediate occupancy this summer. Finishes include full-length glass along office walls, updated elevator lobby, and specialty lighting and ceiling fixtures in the reception and conference rooms. “400 South Tryon presented the ideal opportunity for our pre-built suite program,” noted Jennifer Kurz, Senior Leasing Agent at Trinity Partners. “As smaller to medium-sized tenants look for space downtown, we not only provide value, but tenants can move in immediately and efficiently.”

Currently 92% occupied, the building’s major tenant is Duke Energy. The eighth and ninth floors are vacant, totaling 37,656 square feet of office space. 400 South Tryon is located in the heart of downtown’s Charlotte’s burgeoning Third Ward, steps away from Bank of America Stadium, BB&T Ballpark, Romare Bearden park, restaurants, and retail. The building is currently marketing a total of 7,974 square feet of available retail space, including the prime location at the corner of Church Street and Martin Luther King Boulevard facing Romare Bearden Park.

Design Team: Studio Fusion

Alison Volckens, Director of Interior Design
Angie Beard, Interior Designer / Project Manager
Stryker Hillhouse, Designer

Project Management: Trinity Partners
Margaret Markovich, Project Manager

Lobby Renovation Contractor: Tyler 2 Construction

Fitness Center Contractor: Trinity Partners Construction

Leasing Team: Trinity Partners
Rhea Greene, Partner and Director of Leasing
Jennifer Kurz, Senior Leasing Agent

Property Management: Trinity Partners
Lauren Miller, Property Manager

ABOUT TRINITY PARTNERS
Trinity Partners is a full service commercial real estate firm with offices in Charlotte, Raleigh, and Greenville, SC. The firm has eight operating groups that serve corporate users and institutional owners located throughout the United States. Trinity leases, property manages or asset manages over 15 million square feet between its three offices. For more information about Trinity Partners, please visit www.trinity-partners.com.

ABOUT DRA ADVISORS
DRA Advisors LLC (DRA) is a registered SEC investment advisor with $9.4 billion of assets under management, headquartered in New York with offices in San Francisco and Miami. DRA has been in existence for 30 years with investors that include public and corporate pension funds, endowments, foundations and financial institutions. As of March 31, 2016, DRA has invested in properties valued in excess of $26.5 billion. Additional information on DRA Advisors LLC is available at www.draadvisors.com.
ABOUT TRINITY CAPITAL ADVISORS
Trinity Capital Advisors focuses on the acquisition and development of institutional quality office, industrial, and mixed use real estate in the Southeastern United States. The firm has acquired or developed over 13 million SF totaling over $1.8 billion since inception. Trinity Capital has acquired or developed some of the most successful workplace real estate projects in the Southeast, including Perimeter Park, Ally Center, NASCAR Plaza, Perimeter Woods Business Park, Toringdon Office Park, and Westlake Business Park. Investments are capitalized through Trinity Capital’s Value Fund series as well as through partnerships with some of the country’s top institutional investors. For more information about Trinity Capital, please visit our website at trinitycapitaladvisors.com.