Lockton Companies renews, expands lease by 6,740 SF at Piedmont Town Center in Charlotte, North Carolina

Taylor Nunnally

Charlotte, North Carolina – Aug. 7, 2018 – Lockton Companies, the world’s largest privately-held insurance broker has renewed its existing lease of 13,050 SF and expanded its space by 6,740 SF at 4725 Piedmont Row Drive in Charlotte, North Carolina. The businesses’ office will be a total of 19,695 SF upon completion.

Trinity Partners’ Director of Tenant Representation, Ann-Fleming Powell, represented the tenant. Campbell Walker from Lincoln Harris represented the landlord, Principal Real Estate Investors.

“We took a look at the entire South Park submarket and came to the conclusion that due to the amount of term left on Lockton’s lease and Piedmont Town Center’s ability to accommodate the company’s growth, it was a suitable place for Lockton to remain and expand its Charlotte footprint,” Powell, said.

Trinity Partners Construction Services team is responsible for building out Lockton’s expansion and making general improvements to the space. Lockton is expected to occupy the renovated office in the third quarter of 2018.

“Trinity Partners provided valuable assistance in the search to find the right space for our business to grow,” Lockton Companies Southeast COO, Manoj Sharma, said. “Ultimately, we were found that our current space is optimal and, with the help of Trinity’s Construction Services team, seized the opportunity to expand in our current Charlotte home.”

Lockton is based in Kansas City, Missouri, headquarters and operates from more than 90 locations in 24 countries.

About Lockton
Lockton is a global professional services firm with 7,000 associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world’s largest privately held, independent insurance broker by helping clients achieve their business objectives. For nine consecutive years, Business Insurance magazine has recognized Lockton as a “Best Place to Work in Insurance.”

About Trinity Partners
Trinity Partners is a full-service commercial real estate firm serving corporate users and institutional owners throughout the United States, with 10 service lines ranging from landlord and tenant representation to property management and investment sales. Trinity currently leases and/or manages more than 20 million square feet of space across the region through our three offices in Charlotte and Raleigh, North Carolina, and Greenville, South Carolina.

About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $83.7 billion in commercial real estate assets*. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is a dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®. *As of 30 June 2018