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Ally To Take 400K SF Of Crescent Communities' New Office Tower In Charlotte

Ally To Take 400K SF Of Crescent Communities' New Office Tower In Charlotte
Ally Charlotte Center, 601 South Tryon St., Uptown Charlotte

Ally Financial Inc., a digital financial services company, has inked a lease to anchor Crescent Communities' planned 742K SF office building at 601 South Tryon St. in Uptown Charlotte. The building, to be named Ally Charlotte Center, will offer a collaborative work environment, along with retail and restaurant space on the ground level, according to Crescent. Ally will occupy about 400K SF of the building.

Ally Charlotte Center can house Ally's current employees in the region (about 1,700) as well as accommodate future growth plans, Ally CEO Jeffrey Brown said. 

The building will be part of the Stonewall Corridor, which has recently experienced rapid growth with a number of new residential and commercial development projects. That includes Crescent’s own Stonewall Station mixed-use development, which will deliver Uptown Charlotte’s first Whole Foods Market in 2018. 

Construction is slated to begin on Ally Charlotte Center in the first quarter. Ally will begin to take occupancy of the new space when construction is completed in 2021, and plans to relocate Charlotte-based employees from other local offices to the building.

Chase Monroe and Chris Schaaf with JLL represented Ally. JLL's Charley Leavitt and Barry Fabyan represented Crescent Communities.