Wednesday, August 24, 2011

BECO Management Markets Innovation Park

BECO Management of Rockville, MD paid $42-million for 184-acre campus formerly known as Meridian Corporate Center near University City. As part of the re-branding, plans call for spending $30-million on upgrades to the corporate campus.

IBM made a big splash into the Charlotte North Carolina market back in 1979 with the creation of a 1,200-acre campus. In 1994, First Union, now Wells Fargo, bought 155 acres for its own employee campus and Charlotte-Mecklenburg Schools bought nearly 200 acres for a four-school complex. In 2002, Charlotte Corporate Center Acquisition, a limited liability company that included Blackacre Capital Management and other New York investors, bought the 12-building complex for $114 million.



Located on the northeast side of the Charlotte Metropolitan Area
Near Interstae 85, NC Highway 24, W.T. Harris Boulevard
GPS:35.30700,-80.76323
Address: 8505 IBM Drive Charlotte, NC 28262
12-building campus
1.9 million sqft of buildings
half-mile of interior corridors
7,000-sqft fitness center
weekly farmers market
free bike rentals

The size and its extensive electrical system includes a substation on site, plus dual feeds from two other substations. That provides redundant capabilities critical for data centers and call centers.

there's 845,000 square feet still available in
office, flex / warehouse, data center and automated storage space
Leasing rates are $14 to $17 per sqft

The park is 51 percent occupied, with 11 tenants
Classic Graphics 200-employees 180,000-sqft
Siemens Energy nuclear engineering
Aon Hewitt insurance services and human resource consulting
Areva a nuclear power company
Zayo Group fiber-optic communication services
Hewitt Associates
Wainwright Industries
Viance Engineering
Strayer University
Enterprise Leasing Company
IBM still utilizes 40,000-sqft

Energy reborn at former IBM site | The Charlotte Observer Newspaper
Jones Lang Lasalle
Innovation Park