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RED Partners developing boutique office project in Dilworth

Article from: Charlotte Business Journal
Written by: Will Boye

Charlotte real estate firm RED Partners is developing a new 5,120-square-foot office building on East Boulevard where a previous building was damaged by fire in 2012.

The two-story office project at 716 East Blvd. is expected to deliver in the third quarter and will feature 16 parking spaces behind the building.

The asking rental rate is $24 per square foot, and RED Partners hopes to sign a single tenant for the entire space, says Chris Turner, who is handling leasing with Rob Hord.

The Dilworth property totals 0.275 acres and is on the south side of East Boulevard, between Springdale and Lennox Avenues.

The owner of the site is Dorothy Hall Properties, a company managed by Hall Johnston, a principal at RED Partners.