Crescent Communities Closes Sale of ALLY Charlotte Center
Charlotte, N.C. – (September 2, 2021) – On Thursday, July 29, Crescent Communities, a wholly-owned subsidiary of Sumitomo Forestry Co., Ltd, and a nationally-recognized, market-leading real estate investor, developer, and operator of mixed-use communities, officially closed the sale of the Ally Charlotte Center building to Ally Financial. Ally Financial is planning a phased move-in process into early 2022, and Crescent Communities plans to relocate their Charlotte office into the building’s eighth floor later this year.
The 26-story skyscraper is located at 601 S. Tryon St, and features 750,000 square feet of office space, approximately 30,000 square feet of ground-level retail, a 12,000 square foot public plaza, and a 1,400-space parking garage. Ally Charlotte Center is WIRED Certified Platinum – the highest level possible and the first Platinum Wired certification in Charlotte – and is pursuing LEED and WELL certifications, as well. These distinguished certifications ensure high levels of digital connectivity and an emphasis on health and wellness in the workplace.
“We are pleased to offer the Ally team the very best in digital connectivity, technology infrastructure and future-proofing resiliency,” says Amy Bezanson of Crescent Communities. “At Ally Charlotte Center, employees can look forward to state-of-the-art connectivity capabilities and functions, exceeding the expectations of a Class A office environment.”
Ideally situated in Charlotte’s Stonewall Street corridor, Ally Charlotte Center has convenient access to the city’s most desirable dining and retail options, as well as several expansive public walking paths and the LYNX light rail station. The tower will offer direct access to the forthcoming 381-room J.W. Marriott, luxury hotel with two on-site restaurants, meeting space, and a spa, which is expected to open later this month
About Crescent Communities:
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated residential and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 68 multifamily communities, 21 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our multifamily communities are branded NOVEL by Crescent Communities.
About Sumitomo Forestry
Founded in 1691, Sumitomo Forestry Co., Ltd. and its Group companies have broadened business activities focused on wood. Taking advantage of approximately 279,000 hectares of owned and managed forest area, the global network that spans more than 20 countries and expertise and technology in housing-related businesses, Sumitomo Forestry Group is developing the Environment and Resources Business, the Timber and Building Materials Business, the Housing and Construction Business, the Overseas Housing and Real Estate Business, the Lifestyle Service Business and other businesses both in Japan and abroad. Starting with the distribution business, Sumitomo Forestry has more than 50 years of history carrying out businesses in the United States. Sumitomo Forestry currently operates its business for detached houses in 14 states, and the multi-unit residential business started in 2018 has expanded to nine states.