Capital Group East Coast Hub Opens at One Independence Center

Capital Group's East Coast operations hub is open at One Independence Center, 101 N. Tryon St. in Uptown Charlotte. The investment firm leases nearly 200,000 SF across the top eight floors of the 20-story tower. Gov. Josh Stein and N.C. Commerce Secretary Lee Lilley attended the Sept. 29 ribbon cutting. Crescent Communities developed the repositioning, designed by Gensler with ENTOS Design.

The project commits 600 new jobs and $60 million in investment by 2031, with in-office capacity of 1,000 and average salaries of $194,141. State officials project a 12-year statewide economic impact of $5.2 billion. Capital Group secured incentives worth up to $18.8 million. CBRE represented the tenant; Lincoln Property Company represented ownership.

Built in 1983, the 301-foot, 565,000-SF tower was acquired by Crescent Communities and Nuveen Real Estate in 2019 for $132.3 million, followed by more than $30 million in renovations. Amenities include a fitness center, yoga studio, conferencing center, and a 25,000-SF retail concourse anchored by Monarch Market, an 18,000-SF dining hall. The property has 330 parking spaces.

The tower sits at Tryon and Trade, one block from the Charlotte Transit Center and LYNX Blue Line stations, with multiple CATS bus routes nearby.