CP Group Secures $5M in New Leases at Charlotte Office Campus
Event summary
- CP Group signed $4.9M in new leases at Harris Corners, totaling 24,592 SF across three deals.
- Carolinas Telco Federal Credit Union took 10,540 SF in a new lease; Cheiron renewed 4,516 SF; TAT Limco expanded by 9,536 SF.
- Harris Corners now has 18,000 contiguous SF available across its three Class A buildings totaling 371,000 SF.
- CP Group acquired the property in 2021 and has since completed capital improvements to enhance tenant retention.
The big picture
CP Group’s leasing activity at Harris Corners reflects the continued demand for high-quality office space in Sunbelt markets, particularly in Charlotte’s growing North submarket. The $4.9M in new leases underscores the strategic value of CP Group’s investment in capital improvements and flexible workspace solutions, aligning with broader trends of tenant prioritization of amenity-rich environments.
What we're watching
- Tenant Retention
- Whether CP Group can sustain high renewal rates amid rising demand for flexible office space.
- Sunbelt Growth
- How the gravitational pull of North Charlotte's submarket will affect lease pricing and availability.
- Capital Improvements
- The pace at which CP Group can implement further enhancements to maintain competitive advantage.