CHARLOTTE, NC – May 6, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces 70,000 square feet of leasing activity following completion of property enhancements at The Grove, a four-building 260,000-square-foot office campus situated in Charlotte’s University Research Park at the intersection of W.T. Harris Boulevard and Mallard Creek Road.
B Group Capital Management acquired The Grove, located at 8520-8615 Cliff Cameron Drive, in September 2022 and has recently completed extensive renovations. These improvements include exterior painting, new walkways, signage, lobby and tenant amenity center enhancements, as well as the delivery of a new 2,966 square foot spec suite at The Grove 5 building. The office park has also been equipped with Google Fiber and features outdoor walking trails.
Stream Executive Vice President Grant Keyes and Senior Associate Holden Brayboy have successfully executed approximately 70,000 square feet of leasing within the first 18 months of B Group Capital Management’s ownership, which began in 2022. Alliance Health leased 18,125 square feet and was represented by Street Jones and Bo Hargrove of Rich Commercial Realty; A Bridge to Achievement leased 15,000 square feet and was represented by Alison Burell of CARR; and Autism Living Experience leased 10,587 square feet and was represented by Bob Boykin of Stream. Keller Williams extended its 7,428-square-foot lease and was represented by Piers Wates of CBRE.
“We’ve experienced an uptick in activity as well as companies feeling more confident in making long-term decisions on their office space needs,” said Keyes. “B Group Capital Management has executed a meaningful capital improvement plan that is meeting this demand at the perfect time. We are excited to continue this momentum to lease up the remaining availability at The Grove.”
For more information, contact Stream Carolinas at 980.819.4270.
About B Group Capital Management
B Group Capital Management is a division of B Group Holding, a family-owned real estate conglomerate specializing in the development, management, and investment of commercial, residential and industrial properties. It utilizes a core set of guiding principles to target investments with low volatility and high returns to produce sustainable growth and performance throughout the economic cycle. Corporate services include acquisition, investment, asset management, underwriting, development, construction, property management and dispositions. Headquartered in Coconut Grove, Florida, it manages an extensive portfolio of approximately 3 M SF throughout Florida: East Tampa, South Orlando and Altamonte Springs; in Georgia: Central Perimeter, Cumberland, Duluth, and Alpharetta; and in the University City submarket of Charlotte, North Carolina.
Governed by B Group Holding, its subsidiaries companies (B Group Capital Management and B Developments) share a commitment to excellence that is rooted in family values that define lifestyle, collaborative satisfaction, and financial return. For more information, visit B Group Holding Company www.bgroupco.com, B Group Capital Management, www.bgroupcap.com.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services, including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes more than $8.8 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
