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Childress Klein Announces Grand Opening of Bonnie & Clyde’s at the Promenade on Providence

Bonnie and Clydes

Childress Klein Announces Grand Opening of Bonnie & Clyde’s at the Promenade on Providence

Childress Klein, one of the Southeast’s largest, private real estate developers, is thrilled to announce the grand opening of Bonnie & Clyde's — an upscale lounge providing decadent food and drinks and world-class entertainment. The grand opening celebration will take place on October 13th at the Promenade on Providence located in Charlotte, NC.

Bonnie & Clyde's Lounge is set to redefine the hospitality and nightlife scene in Charlotte, offering an amazing blend of decadent food, high-end drinks, opulent bottle service, and world-class entertainment. The ambiance is second to none, with a picturesque rooftop bar and lounge.

"We could not be more excited to be part of the vibrant Promenade and the South Charlotte community," says a representative of Bonnie & Clyde's. "Our bar combines luxury, entertainment, and a unique casual-dining experience. We aimed to create an environment offering top-shelf drinks, gourmet food, and phenomenal music in a location like no other."

The upscale lounge, situated at 10822 Providence Rd Suite 100 Charlotte NC 28277, further elevates the dining experience with a line-up of talented DJs and spectacular live musical performances that will accompany the meals and drinks, delivering a full sensory delight to the patrons.

The grand opening is sure to elevate the nightlife in South Charlotte and cement Bonnie & Clyde's place as a premier destination.

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The Chop Shop Butchery Joins Tranquil Court: Bringing Locally Sourced, Sustainable Meats to Charlotte Metro Area

Chop Shop

The Chop Shop Butchery Joins Tranquil Court: Bringing Locally Sourced, Sustainable Meats to Charlotte Metro Area

Charlotte, N.C. – Childress Klein is thrilled to announce that The Chop Shop Butchery, Asheville's first whole animal butcher shop, will be joining the vibrant retail community at Tranquil Court in Myers Park. The new location is slated to open in Spring 2024.

For over a decade, The Chop Shop Butchery has been a trusted purveyor of regionally sourced, on-site butchered beef, pork, and lamb. Known for their commitment to locally sourced meats from trusted farmers, The Chop Shop Butchery offers a direct relationship between farmers and consumers, ensuring transparency and quality.

As a small, independent butcher-owned and -operated business, The Chop Shop Butchery prides itself on its personalized service and expertise. Their trained butchers and team members are dedicated to providing customers with specific cuts of meat, whether it's three precise 1.34-inch slices of steak or a rare cut. With an emphasis on all-natural, sustainable, and ethical farming practices, The Chop Shop Butchery offers premium meats from animals raised in the best possible way.

"We are excited to welcome The Chop Shop Butchery to Tranquil Court," said Gareth Scott, Director of Investment Management at Childress Klein.

"Their commitment to quality, transparency, and sustainable farming practices aligns perfectly with our vision for a vibrant and diverse boutique retail community. We look forward to the exceptional offerings and personalized service that The Chop Shop Butchery will bring to our tenants and residents."

 The Chop Shop Butchery's mission is to create a more sustainable meat-eating culture, where consumers can trust the origin and quality of their meat. By shopping at The Chop Shop Butchery, customers can enjoy the assurance of locally sourced, natural, and custom meats, free from antibiotics and steroids. Each product comes with a story, as The Chop Shop Butchery believes in providing full transparency and knowledge to its customers.

Tranquil Court, located at 2840 Selwyn Ave in Myers Park, is an esteemed mixed-use destination known for its unique blend of office, shops, dining, and community experiences. The addition of The Chop Shop Butchery will further enhance the vibrant atmosphere and reinforce Tranquil Court as a premier destination for high-quality and sustainable culinary experiences.

For more information about The Chop Shop Butchery and their upcoming opening at Tranquil Court, please visit www.chopshopbutchery.com.

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Scott Wilson promoted to Childress Klein Office Division Partner

Scott Wilson

Childress Klein, a leading commercial real estate firm in Charlotte, North Carolina, is pleased to announce the promotion of Scott Wilson to Office Division Partner.

In addition to continuing his role as the founder and leader of Brokerage Services, Wilson will now oversee a wide range of office services including leasing, brokerage, acquisitions, asset management and development services.

Scott Wilson joined Childress Klein in 2002 and has wide ranging experience across the firm. Scott has been recognized throughout his career for his dedication, integrity, leadership and market knowledge. He has consistently achieved superior results for our clients while exhibiting an unwavering commitment to customer service excellence and relationship development.

In his new role as Office Division Partner, Wilson will continue to leverage his vast knowledge and diverse expertise in order to shape Childress Klein’s growth strategy for their office portfolio. His primary responsibilities will focus on developing relationships with clients and partners across industries while overseeing future and existing office development, leasing, acquisitions and dispositions. Additionally, he will continue serving clients through CK’s highly respected brokerage services division.

As part of this transition, Ryan Thompson will take an expanded role within Brokerage Services as Director of Brokerage Services, assuming more day-to-day leadership responsibilities, while expanding the team and services offered. Ryan Thompson joined Childress Klein in 2015 and has proven to be a dynamic broker. “Ryan has brought an expansive sales background and high energy to our brokerage business and is well positioned to take on more responsibility in expanding the brokerage team and relationships going forward. I am really excited to partner with Ryan in growing the brokerage business and look forward to executing on his growth and strategy ideas with our existing team,” said Wilson.

“Scott’s promotion reflects our confidence in him and our commitment to invest in our office division for the future,” said Fred Klein, Managing Partner, Childress Klein. Amy Klein Aznar, Managing Partner, Childress Klein added, “Scott brings tremendous experience, creativity and integrity to the role, along with a proven track record of anticipating market trends which will enable us to continue to capitalize on opportunities.”

“I am incredibly humbled by this opportunity,” added Wilson. “I look forward to continuing my work alongside an incredibly talented team here at Childress Klein. Despite the headwinds that we are experiencing with the new workplace in the office sector, we are ready to create unique opportunities and partnerships to take advantage of the market conditions.”

Wilson’s promotion is part of Childress Klein’s ongoing commitment to develop and elevate top talent.  With more than three decades of service in the Charlotte community and beyond, Childress Klein is proud to recognize Scott’s dedication and hard work with this leadership promotion.

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Northmarq’s Carolinas investment sales team brokers $165 million sale of Element Uptown in Charlotte, North Carolina

Element Uptown
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Childress Klein and CGA Capital acquire Charlotte Metro Tower in Uptown for up to $675 million

Charlotte Metro

CHARLOTTE, N.C.  –  Charlotte developer Childress Klein and Maryland-based CGA Capital have acquired the Charlotte Metro Tower site at 525 S. Tryon Street in Uptown Charlotte from Duke Energy. In connection with its acquisition, the Childress Klein-CGA Capital joint venture simultaneously entered into a long-term lease with Duke Energy and have agreed to fully fund development and construction of the new 40-story office building.

Duke Energy will occupy the LEED-Gold Certified Class AA office tower upon its expected completion in 2022. Charlotte Metro Tower will feature approximately 1 million square feet of office and retail space, and a 1,100-space parking garage.

“Metro Tower is a best-in-class project in an area with the highest net absorption of any submarket in the Southeast. We have a great team in place and are delighted to be partnering with CGA and expanding our relationship with Duke Energy on this exciting project that will deliver significant economic benefits to the area,” said Childress Klein Partner Tom Coyle.

“This is an outstanding opportunity from every standpoint. We look forward to working with Childress Klein and their team to fund the creation of a dynamic office tower and a terrific new addition to the city skyline,” said CGA Capital Managing Director and Principal W. Kyle Gore.

Baltimore-based CGA Capital provides capital for large-scale corporate, government, and nonprofit real estate projects across the country. Financing is being provided by a debt investor group led by Nuveen, a TIAA company. Construction is underway at the time of the acquisition, and Childress Klein is leading the design and preliminary site work, and serves as the development manager.

CGA Capital was represented in the transaction by Ballard Spahr, and Childress Klein was represented by Parker Poe. Duke Energy was represented by Hunton Andrews Kurth LLP and advised by Eastdil Secured. The debt investor group was represented by Greenberg Traurig. The project’s architect is TVS Design and the general contractor is Batson-Cook Company.

About Childress Klein
As one of the largest private, full-service real estate companies in the Southeast, Childress Klein has played an intricate role in the development of Uptown Charlotte. For more than thirty years, we have overseen the development of fourteen Uptown projects — totaling more than 7 million square feet of commercial space. Notable Uptown projects include the 42-story One Wells Fargo Center, the 48-story Duke Energy Center, the high-rise residential project Museum Tower, as well as mixed and multi-use projects such as The Green and the Levine Cultural Campus. The new Metro Tower is a continuation of Childress Klein’s involvement and dedication to shaping Charlotte’s Uptown skyline. For more information, visit www.childressklein.com.

About CGA Capital
CGA Capital is a privately held lender and investment firm focused on net lease property acquisition and development, debt and equity financing, and sales and trading of lease-backed securities. CGA Capital has closed more than $20 billion in financings, including corporate headquarters, government facilities, healthcare properties, and mission-critical special use developments. CGA Capital was found as a subsidiary of Legg Mason, Inc, in 1989 and acquired the U.S. net lease financing business of RBS Group plc in 2009. Since then, CGA Capital has served active or standby asset management or servicing roles in more than $8 billion (principal balance) of net lease-related debt real estate assets and retains equity interests in more than $2.4 billion in net leased properties. Among the hundreds of net lease financings completed by CGA Capital are headquarters facilities for leading utility companies, including Sempra Energy, ComEd (Exelon), and Georgia Power. Visit www.cgacapital.com.

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LakePointe Office Park and Corporate Center Buildings Earn ENERGY STAR Awards

LakePointe

(Charlotte, N.C.)  Eight suburban office buildings developed and managed by Childress Klein Properties have qualified for the U.S. Environmental Protection Agency’s (EPA’s) prestigious ENERGY STAR, the national symbol for superior energy efficiency and environmental protection. Commercial buildings that rate in the top 25 percent of facilities in the nation for energy efficiency may qualify for the ENERGY STAR.

“Childress Klein’s success in earning the EPA’s ENERGY STAR is a measure of our commitment to energy efficiency,” said David Pitser, Partner and Director of Office Property Management. “This is one of many ways we promote environmental stewardship while lowering energy costs for our tenants and clients.”

EPA awarded the ENERGY STAR to buildings at LakePointe Office Park and LakePointe Corporate Center ranging in size from 60,000 sq ft to over 150,000 sq ft. Five of the six recognized buildings are repeat award winners and two buildings are in the process of re-certification.

In 2007, LakePointe Office Park was recognized by BOMA (Building Owners and Managers Association) with an International TOBY (The Office Building of the Year) Award – Childress Klein’s third international honor for excellence in property management. 

“The key to success truly has been the support and cooperation of our building owners and tenants”, said Pitser. “What we achieve is as much a reflection on them as it is on us.”

In an example of partnership with tenants, Childress Klein and anchor tenant General Dynamics Armament and Technical Products (GDATP) worked together on a multi-year energy reduction initiative at the GDATP headquarters at Four LakePointe Plaza. A combination of lighting retrofits, operational changes, HVAC optimization and occupant education reduced electricity consumption by almost 10% and helped the building earn its first ENERGY STAR.

According to EPA, commercial buildings earning the ENERGY STAR use an average of 35 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere. Childress Klein actively monitors each suburban building’s energy consumption using monthly data from utility bills and detailed load profiles generated from data recorded every 15 minutes. This data is used to optimize building operations, maximize efficiency and minimize operating expenses.

“Our industry promotes the concept of ‘intelligent buildings’ but it’s important not to take that term literally,” said Regional Property Manager and Mechanical Engineer Jeff Crane, PE, LEED AP, “We equip our properties with sophisticated systems and controls to maximize efficiency and reduce operating costs but we recognize that intelligent people are essential for success with utilities (energy and water) management and environmental initiatives. Complex building systems without deliberate and continuous management and validation can be even less efficient than relatively simple systems.”

EPA’s national energy performance rating system provides a 1-100 scale that helps organizations assess how efficiently their buildings use energy relative to similar buildings nationwide. A building scoring a rating of 75 or higher is eligible to apply for ENERGY STAR.

Childress Klein Properties is an Energy Star Partner organization and is a member of U.S. Green Building Council.

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Childress Klein Holds On-Site Volunteer Activity for A Child’s Place

Group United Way

Every year, Childress Klein employees rally together to give back to our community.

This year Childress Klein worked with A Child’s Place, an agency whose purpose is to help enable homeless children to have the same educational opportunities and advantages as other children.

There are nearly 5,000 homeless children living in Charlotte. It is almost certain that these children will struggle to achieve a basic education.  When a child does not have fundamental academic resources such as a pen and a piece of paper, they are automatically unprepared to learn and less likely to be an active participant in class.  Over time, that can lead to children falling behind and repeating grades, which puts them at risk of not graduating high school.

In an effort to help with the agency’s goal, Childress Klein held a pencil pack drive to benefit A Child’s Place in Charlotte. Employees donated items such as pencils, pens, erasers, sharpeners and pencil cases. There was a company goal of 300 total pencil packs.

Employees pulled together and surpassed the goal, assembling nearly 1,000 pencil packs that were donated.

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Ascentris and Childress Klein Partner Again to Develop Apex SouthPark, an Iconic $185M Multi-Family and Retail Property Located in Charlotte, NC

CK Apex

Ascentris and Childress Klein Partner Again to Develop Apex SouthPark, an Iconic $185M Multi-Family and Retail Property Located in Charlotte, NC

Denver, CO (May 18, 2018) – Ascentris and Childress Klein announced today the joint venture’s acquisition of a 5.54-acre parcel at the corner of Morrison Boulevard and Sharon Road in Charlotte’s SouthPark submarket, directly across from the main entrance to the Simon owned SouthPark Mall. Together, the joint venture will develop Apex SouthPark which will consist of 345 apartment units and 88,000 square feet of ground floor retail that will be located in two 12-story towers. Sharon United Methodist Church, the land seller, will develop a new worship center on site under its rebranded name, SouthPark Church. The property will also feature a 175-room hotel with a rooftop restaurant and bar. A shared six-level parking structure will serve the entire property. Demolition of the existing church and construction of the project is expected to commence immediately. Rule Joy Trammel + Rubio is the architect and JE Dunn Construction will serve as the general contractor. Bank of America will provide construction financing.

“Ascentris is thrilled to be partnering with Childress Klein again, this time on the development of Apex SouthPark. Childress Klein and RJTR have designed an iconic project that will be unlike anything else in SouthPark and will set the stage for a new generation of living in Charlotte,” said Ascentris Managing Director Tricia Noble.

The finishes and common area amenities will raise the standard for apartment living in SouthPark. One-, two-, and three-bedroom units will feature floor to ceiling windows, high-end stainless-steel appliances, under-cabinet lighting, quartz countertops, and backlit mirrors. The two towers will share an amenity deck with a swimming pool, cabanas, fire pits, and grills, and a tenant lounge and fitness center with yoga and spin studios. On-site 24-hour concierge service will be available to tenants. The 88,000 square feet of ground floor retail is designed to accommodate a variety of tenants, including restaurants and bars with outdoor seating, which will create an energetic environment for the property. Childress Klein’s retail division is leasing the retail portion of the property. 

“Apex SouthPark will deliver an exciting urban experience that we believe will address the increasingly sophisticated demands of the SouthPark market. We are excited to have the opportunity to partner with Ascentris and SouthPark Church on this innovative project”, said David Haggart, Retail Division Partner at Childress Klein. Apex SouthPark is a property many years in the making. Sharon United Methodist solicited master development proposals for the site in 2015, ultimately selecting Childress Klein. The property was rezoned to allow for the development of the property in 2016. With construction commencing in the coming weeks, substantial completion of the first apartment tower is scheduled to occur in Spring 2020, with final completion of the project slated for Spring of 2021.  

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Award-Winning Cafe To Open Second Charlotte Restaurant

First Watch
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The Nexus at Waverly Celebrates Topping Out

Beam

Charlotte, N.C., July 16, 2018The Nexus, a six-story creative office building within the Waverly community in south Charlotte, has reached its midway point of construction. On Tuesday, July 17, at 11 a.m., joint venture partners Childress Klein, Crosland Southeast and the B. Frank Matthews II family will hold a topping-out ceremony for The Nexus at The Porter’s House restaurant in Waverly.

The Nexus will total 154,000 square feet and is the second creative office building at Waverly, a mixed-use development just south of Interstate 485 at the intersection of Providence and Ardrey Kell roads. The first six-story office building at Waverly, The Hub, is LEED certified and offers a reimagined work environment designed for collaboration and creativity, anchored within a vibrant, walkable community. The Hub is home to the global corporate headquarters of NN Inc. as well as the headquarters of Tokai Carbon USA and Horizon Investments. It is also home to regional offices for Axene Health Partners and Esri, among others.  The Hub has one floor of available space remaining.

Childress Klein began construction on The Nexus in March, and the building is expected to deliver in April 2019. The Nexus will feature exposed ceilings, interior spaces built for collaboration, contemporary finishes and music in all common areas, a covered parking deck with a glass “jewel box” grand stair, electric car charging stations, bike storage, outdoor meeting space with Wi-Fi, and a connection to Waverly’s nearby park, The Yard. Childress Klein is seeking LEED certification for the building.

The Remi Group, a winner of the Charlotte Business Journal’s “Best Places to Work” award and ranked by Inc. Magazine as one of the fastest-growing private companies in America, has leased 33,000 square feet at The Nexus for its corporate headquarters and will be its first tenant.

Remi was represented by Ben Speir and Joe Cherry with Cherry & Associates, and The Nexus was represented by Travis Hart and Jenny Fowler with Childress Klein.

“We’re very excited to reach this construction milestone with The Nexus,” said Paul DeVine, partner at Childress Klein. “The Hub has been a fantastic success and has confirmed our bet that there is pent-up demand among employers outside of the urban core who want to deliver a vibrant, walkable, community experience to their employees. It has been fun to see our thesis—that Waverly could become a powerful recruiting and retention tool—become a reality for our clients and to see such a positive response from the market.”

Travis Hart and Jenny Fowler with Childress Klein are marketing The Nexus, which features 26,793-square-foot floor plates. The building’s top four floors remain available for lease.

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