Chicago, IL (March 1, 2016)— 90 North Real Estate Partners LLP (“90 North”), acting as Property and Investment Advisor, and Sidra Capital (“Sidra”), acting as Strategic Advisor, have announced the $67.1 million development funding and acquisition of the 247,834-square-foot Lash Group headquarters building in Fort Mill, South Carolina, less than 20 miles south of the growing Charlotte, North Carolina business community.

Rob Cochran and Jared Londry with Cushman & Wakefield’s Capital Markets Group brokered the transaction on behalf of the seller, a joint-venture between Childress Klein and Clear Springs Development Co. This is the second US acquisition for 90 North in approximately 30 days and underscores their strategy of acquiring newly developed or recently renovated, fully-leased corporate facilities in prime suburban markets across the country. Earlier this month, 90 North acquired the $123 million Saint-Gobain campus facility in suburban Philadelphia.

This state-of-the-art office building was completed earlier this month and the tenant has relocated 1,485 employees from Charlotte to Fort Mill. The Class A, registered LEED Silver office building at Innovation Point, Fort Mill, South Carolina. It will serve as the headquarters for The Lash Group Inc., a healthcare consulting subsidiary of AmerisourceBergen Corp.

“This acquisition is yet another example of 90 North identifying and executing a ‘trophy’ credit focused acquisition,” said Daniel Cooper, Partner and Head of 90 North’s North American operations.

“AmerisourceBergen, parent company of The Lash Group, last year was ranked number 16 on the Fortune 500 list, and epitomizes the definition of ‘trophy credit.’

Our ability to acquire this building under a long term net lease agreement, with renewal options, fulfils our investment strategy.”

Project Details
Designed by Rule, Joy, Trammell + Rubio, the Lash Group’s new headquarters building is located at the crossroads of Interstate 77 and S.C. Highway 160. The building is five-stories tall with 50,407-square-foot floor plates and features on-site amenities including a fitness center, conference and meeting rooms, and a lounge area.

The property is adjacent to the Anne Springs Close Greenway, which encompasses approximately 2,000 acres of lakes, forests, and pastures for hiking, biking, kayaking, horseback riding, and camping.

Also adjacent to the campus is Kingsley Village, the 650-acre master-planned walkable destination project from Clear Springs Development, which includes LPL Financial’s 450,000-square-foot regional headquarters, 120,000 square feet of retail amenities, 228 apartment units, a hotel, and a live music amphitheater.

Kingsley Village, the Anne Springs Close Greenway and Lash Group’s headquarters campus are all part of the Clear Springs Plan, an effort from the Close Family to guide sane and graceful expansion of family land in and around Fort Mill. The Close family, which formed Clear Springs Development in 1997, has addressed the future of Fort Mill by offering a mixed-use solution that blends “progress and preservation into a balanced community through integration of smart-growth principles, economic development focusing on quality job creation, and environmental stewardship.”

Lash Group Background
Launched in Charlotte in 1993 as a healthcare consulting firm, the Lash Group designs, develops, and implements patient and provider support programs for healthcare providers and pharmaceutical manufacturers. The firm has a total of 3,000 employees. It will employ 1,200 personnel at its new headquarters facility while maintaining a significant presence in Charlotte, where its lease expires in 2019.

Growth projections suggest Lash Group may more than double its workforce at the Fort Mill property over the next few years.  The company has an expansion option agreement with the developer to build additional space.

Location
Located 20 minutes south of Charlotte and providing immediate access to I-77, Fort Mill, SC is home to a highly rated school district, five golf courses and 325 miles of shore line at Lake Wylie for boating and outdoor activities.

Baxter Village, a walkable downtown area with a creative collection of shops and retail that was the first phase of Clear Springs, is directly across the interstate exchange from this property. Baxter Village surrounds Baxter Town Center, a retail hub that includes a variety of restaurants, boutique shops, fitness amenities, and light medical uses.

The Fort Mill area is less than 20 miles from Charlotte International Airport.

About 90 North Real Estate Partners
90 North is an independent investment advisory firm, specializing in socially responsible real estate investment and with considerable experience working with Shari’ah compliant equity partners.  Headquartered in Mayfair, London, 90 North has a US office in Downtown Chicago and a representative office in Kuala Lumpur, Malaysia.  Since June 2012, 90 North has closed over $1.291 billion (€1.1 billion / £902 million) of real estate transactions, working with its equity partners.   For more information visit www.90northgroup.com.

About Sidra Capital
Licensed by the Saudi Capital Market Authority (CMA) in 2009, Sidra Capital is a Shari’ah compliant financial services company located in the Kingdom of Saudi Arabia. At Sidra Capital we concentrate our efforts on Asset Management and Corporate Finance & Advisory. We currently manage assets worth approximately SAR 1.6 billion which are all invested in alternative investments. Our Corporate Finance & Advisory team has completed numerous transactions across a variety of different sectors and have raised capital of around a total of SAR 800 million.

Our strong international strategic relationships allow us to provide the highest level of expertise and market insight to our investors in Saudi Arabia and the GCC, while providing complete transparency in our business operations. Ever a pioneer in the investment world, we have a strong track record in creating innovative and award-winning products. Sidra Capital’s Ancile Global Structured Trade Finance Fund, for example, was the first of its kind in the Kingdom of Saudi Arabia and was honoured as ‘The Best Structured Islamic Trade Finance’ by Triple AAA Islamic Finance Awards in 2013.

CHARLOTTE, N.C. – Childress Klein, one of the Southeast’s preeminent real estate developer, owner manager and brokerage firms, has purchased Sharon Station located in the heart of SouthPark.

The acquisition of this asset was finalized yesterday in partnership with a local family investment office. Sharon Station, a collection of six buildings built from 1977 to 1981, is located on Sharon Road directly across from SouthPark Mall at 4423 Sharon Road Charlotte, North Carolina, 28211.

The 23,000-square-foot mixed-use site offers banking, dining and a host of services.

Tenants include Bank of America, Aquesta Bank, Baku, Treehouse Whiskey & Fork, Cutting Image Salon, Lindamood-Bell Learning Center, NuBody Studio, The Terry Law Firm and Next Generation Health Center.

“We look forward to continuing to work with the tenants at Sharon Station as we assume responsibility for this property, acquired from an affiliate of long-time owners, the Bissell and Porter families,”stated Chris Thomas, a Partner in the Retail Division.

About Childress Klein
Childress Klein is a full service real estate company operating in the southeastern United States since 1978. The partners of Childress Klein have been responsible for the development, leasing and management of more than 38 million square feet of office, industrial, retail, multifamily, and self storage properties throughout Virginia, Tennessee, North and South Carolina, Georgia and Florida. The Company’s primary offices are located in Charlotte and Atlanta.

As one of the largest real estate firms in the Southeast, Childress Klein is experienced in the development, management and leasing of a wide variety of product types. The Company’s office developments include suburban office parks, 1 million+ square foot high-rise office towers, and corporate campuses. Industrial experience ranges from small flex buildings to multi-million square foot distribution parks. Retail properties include community centers, large-scale lifestyle centers and mixed-use developments.  Childress Klein serves residential markets with products including luxury garden and high-rise apartments as well as multi-level self-storage facilities.   

With a team of nearly 300 professionals, a portfolio exceeding 30 million square feet and real estate assets valued in excess of $1 billion, Childress Klein has the expertise and resources to undertake any project. For more information, please visit www.childressklein.com.

CHARLOTTE, N.C. – Childress Klein, one of the Southeast’s largest commercial real estate firms, has announced it will begin construction on a 94,000 SF warehouse space, Meadows VIII located at the Meadows Business Park in Forsyth County, Georgia. The project is currently under design and site preparation with planned completion in March 2016.

This project will be substantially identical in style and design to Meadows IX, a 102,720 SF, 24 foot clear, office/warehouse building with 100% rear loading, also currently under construction in the Meadows Business Park. The exterior footings are being poured and Childress Klein plans to complete construction on the building in December 2015.

Meadows VIII and Meadows IX are located east of GA 400 off McFarland Parkway. The spaces offer extensive natural landscaping and a well-lit parking area 15 minutes north of the Perimeter. The North Central/GA 400 industrial submarket of Atlanta has not seen any speculative buildings delivered for almost 8 years. This absence of production and the popularity of the area has caused a shortage of any meaningful blocks of space in the neighborhood. There are no contiguous spaces of any size being offered directly from Landlords. Currently, tenants seeking 30,000 SF or more have very limited options.

“These are the type buildings that were tremendously popular during the last cycle. AT&T, NCR, Select Sport, MDSi, Ingenico, JBT Food Technologies and the Canadian Standards Association are currently occupying buildings just like these”, said John Decker, who is directing the development for Childress Klein.

“There is a genuine shortage of space around here and we are meeting lots of pent up demand in our leasing efforts.”

About Childress Klein
Childress Klein is a full service real estate company operating in the southeastern United States since 1978. The partners of Childress Klein have been responsible for the development, leasing and management of more than 42 million square feet of office, industrial, retail, multifamily, and self storage properties throughout Virginia, Tennessee, North and South Carolina, Georgia and Florida. The Company’s primary offices are located in Charlotte and Atlanta.

As one of the largest real estate firms in the Southeast, Childress Klein is experienced in the development, management and leasing of a wide variety of product types. The Company’s office developments include suburban office parks, 1 million+ square foot high-rise office towers, and corporate campuses. Industrial experience ranges from small flex buildings to multi-million square foot distribution parks. Retail properties include community centers, large-scale lifestyle centers and mixed-use developments. Childress Klein serves residential markets with products including luxury garden and high-rise apartments as well as multi-level self-storage facilities.   

With a team of nearly 300 professionals, a portfolio exceeding 30 million square feet and real estate assets valued in excess of $1 billion, Childress Klein has the expertise and resources to undertake any project. For more information, please visit www.childressklein.com.

CHARLOTTE, N.C. – Childress Klein, one of the Southeast’s largest commercial real estate firms, has announced the promotion of Scott Wilson to Partner. In this new role, Mr. Wilson will be responsible for expanding Childress Klein’s office brokerage services to meet a growing demand for multi-market corporate services assignments, tenant-representation, and land and building acquisitions from our client base.     

Mr. Wilson joined Childress Klein Properties as an associate in the firm’s Atlanta office in 2000. Since that time, Mr. Wilson has distinguished himself in numerous capacities, including as a property manager managing high-rise office assets in Charlotte, NC, as a leasing agent supporting Childress Klein’s 2+ million SF Charlotte, NC suburban office portfolio, and since 2010, as Director of Brokerage Services overseeing 3rd party office transactions.

“Scott has led the Brokerage Services Division to double-digit growth annually and has managed client transactions across the United States.  He’s done so with the highest level of integrity and professionalism and we’ve received tremendous client support and repeat business as a result,”

stated Paul DeVine, a Partner at Childress Klein.

Mr. Wilson is a graduate with a degree in economics from the University of North Carolina at Chapel Hill.  He is a native of Charlotte, an Eagle Scout, and is active in numerous civic capacities, including as a member of the YMCA of Greater Charlotte Community Development Committee, as a board member of the Simmons YMCA, as board member of NAIOP Charlotte, and as a volunteer for the Arts and Science Council.  Scott is also a past member of the Board of Advisors for The Educational Foundation at UNC-Chapel Hill.    

About Childress Klein
Childress Klein is a full service real estate company operating in the southeastern United States since 1978. The partners of Childress Klein have been responsible for the development, leasing and management of more than 38 million square feet of office, industrial, retail, multifamily, and self storage properties throughout Virginia, Tennessee, North and South Carolina, Georgia and Florida. The Company’s primary offices are located in Charlotte and Atlanta.

As one of the largest real estate firms in the Southeast, Childress Klein is experienced in the development, management and leasing of a wide variety of product types. The Company’s office developments include suburban office parks, 1 million+ square foot high-rise office towers, and corporate campuses. Industrial experience ranges from small flex buildings to multi-million square foot distribution parks. Retail properties include community centers, large-scale lifestyle centers and mixed-use developments.  Childress Klein serves residential markets with products including luxury garden and high-rise apartments as well as multi-level self-storage facilities.   

With a team of nearly 300 professionals, a portfolio exceeding 30 million square feet and real estate assets valued in excess of $1 billion, Childress Klein has the expertise and resources to undertake any project. For more information, please visit www.childressklein.com.

Element Uptown has been named the New Property of the year by The Greater Charlotte Apartment Association (“GCAA”). The award was presented Thursday, November 13, 2014 at the GCAA’s annual Bravo Awards banquet. Element Uptown, developed by Childress Klein, is located in the Third Ward area of Uptown Charlotte adjacent to the Romare Bearden. The 352 unit, 22-story luxury high-rise apartment building includes studio, one- and two-bedroom and penthouse apartments with panoramic views of Romare Bearden Park, BB&T Ballpark and Bank of America Stadium.  It also includes a seventh-floor clubroom, a state of the art fitness center and a resort style outdoor salt-water swimming pool with private cabanas and an outdoor bar.

The New Apartment of the Year award was created to honor greater Charlotte’s most exceptional new apartment community. This is the first year the award has been issued.

“Element Uptown is Charlotte’s first high-rise apartment building and it is a great honor for Element to be the first apartment community to receive this prestigious award,”

said Fred Klein III, Partner at Childress Klein. For more information on this property, please visit http://elementuptown.com.

About Childress Klein
Childress Klein has been in business in the southeastern United States since 1988. Throughout Virginia, North and South Carolina, Georgia and Florida, the partners of Childress Klein have been responsible for the development of over 40 million square feet of office, retail and industrial properties. The company is active in markets across the Southeast through offices in Charlotte and Atlanta.

As one of the largest private real estate developers in the Southeast, Childress Klein has experience in a wide range of projects – from small flex buildings to multi-million square foot distribution parks, from small, freestanding retail buildings to large, multi-phase lifestyle centers and from conveniently located suburban office buildings to 1 million+ square-foot, high-rise urban office towers.

With a portfolio in excess of 23 million square feet and more than $1 billion in assets, Childress Klein has the resources to undertake any size project. For more information, please visit www.childressklein.com.

Bravo Awards Banquet
The Bravo Awards Banquet is an annual event held by The Greater Charlotte Apartment Association. The event is always both greatly anticipated and very well attended by the association’s members. Awards Night is significant because it is the one time each year when members can recognize the accomplishments of their industry peers and present awards to the most deserving individuals.

The Greater Charlotte Apartment Association
The Greater Charlotte Apartment Association was founded in 1977 as a trade association for the multifamily rental housing industry. Our members are firms and individuals who develop, own, manage, and provide goods and services to the apartment industry in the Charlotte, NC region. The GCAA focuses its efforts in the following three areas:

• Education - to help our members’ employees increase their professionalism via a heightened understanding of industry practices and legal requirements
• Legislation -  to represent owner interests in the local political arena with regard to issues involving taxes, fees, public services, land development policies, licensing issues, and other industry-related regulations
• Information  - to communicate to our membership the latest developments in the complex and ever-changing field of multifamily rental housing

CHARLOTTE, N.C. – Leading developer, Childress Klein Properties, are pleased to announce plans for a 392-unit, 43-story apartment building located atop the Mint Museum Uptown at the corner of South Tryon St. and West First St. in the middle of the cultural campus.

“We are delighted to announce Charlotte’s next landmark development,”

said Fred Klein III, partner at Childress Klein Properties. “It’s appropriate that our new multi-family flagship project will be located adjacent to our flagship office tower, offering a new upscale living alternative to professionals who would like to walk to work uptown.”

The building, yet to be named, will offer a variety of studio, 1-bedroom, 2-bedroom and 3-bedroom apartments, including spacious penthouse units. Childress Klein expects to start construction in late Spring 2015 with the first units becoming available in late 2016.

When the cultural campus was first envisioned, the plan included condominiums to be stacked above the museum, but when the economy shifted, the residential component was tabled. Childress Klein stepped in and worked to creatively design a multi-family structure around the distinctive architecture of the museum. The new building will have a rooftop pool and a clubhouse on the 43rd floor so all of the residents can enjoy the breathtaking view.

“There are a lot of new apartments that offer great options to renters, so we really went to the drawing board to rethink floorplans to offer something different,”

added Klein. “We drew up some larger floorplans with breakfast nooks and spacious bathrooms more typical of new single-family homes.”

Childress Klein’s Element Uptown project recently opened to accolades and won the Greater Charlotte Apartment Association Bravo Award for the New Property of the Year. 

Nearby amenities in the cultural campus include the Mint Museum Uptown, Bechtler Museum and the Knight Theatre. Residents will enjoy having secured, underground parking, a Starbucks at street-level and several popular restaurants all within a block, in addition to the Bank of America Stadium and the Knights Stadium. There is over 1.5 million square feet of new office space in three projects proposed within a couple blocks.

About Childress Klein

Childress Klein is a full service real estate company operating in the southeastern United States since 1978. The partners of Childress Klein have been responsible for the development, leasing and management of more than 40 million square feet of office, industrial, retail, multifamily, and self storage properties throughout Virginia, North and South Carolina, Georgia and Florida. The Company’s primary offices are located in Charlotte and Atlanta.

As one of the largest real estate firms in the Southeast, Childress Klein is experienced in the development, management and leasing of a wide variety of product types. The Company’s office developments include suburban office parks, 1 million+ square foot high-rise office towers, and corporate campuses. Industrial experience ranges from small flex buildings to multi-million square foot distribution parks. Retail properties include community centers, large-scale lifestyle centers and mixed-use developments.  Childress Klein serves residential markets with products including luxury garden and high-rise apartments as well as multi-level self-storage facilities.   

With a team of nearly 300 professionals, a portfolio exceeding 23 million square feet and real estate assets valued in excess of $1 billion, Childress Klein has the expertise and resources to undertake any project. For more information, please visit www.childressklein.com.

When the skies decided to open up during the last game, everyone embraced the weather and cheered on Providence Group and the JLL-O Shots as they battled for the belt and CRE bragging rights. Ultimately, best dressed Providence Group came ready to play rain or shine and took home the win cementing their name in 6 on 6 history.

With 36 participating teams this year, we raised an incredible $195,000 to once again benefit Freedom School Partners,

an agency that promotes the long-term success of children by preventing summer learning loss by igniting a passion for reading and inspiring a love of learning.

MPV received this year’s Spirit Award and The Providence Group was awarded Best Dressed, in addition to their well-deserved victory. Post tournament, everyone gathered for drinks, food and karaoke at the after party across the street at 8.2.0.

We look forward to seeing everyone in 2020!