Coinbase has leased the 18th and 19th floors, totaling 58,600 square feet, at 110 East, the newest A+ Office Building of the South End.
Cryptocurrency Exchange has recently announced its scheduled expansion to create a “Center for excellence” office in Charlotte, enhancing the city’s growing situation as a Fintech hub. Coinbase plans require hiring over 130 employees locally as part of the company’s national expansion that will add 1,000 jobs across the country.
“We are excited to welcome Coinbase to 110 East,” said Matt Knisely, chief executive at Shorenstein. “The property was designed to meet the needs of the most dynamic, future companies and Coinbase’s decision to hire at 110 East is an incredible approval of this vision.
JLL’s Conor Brennan represented the coinbase in the transaction. Jennifer Kurz, John Hannon and Rhea Greek with the Trinity Partners represented the owner.
The Coinbase transaction is the largest of the three recent leases signed at 110 East, totaling 115,000 square foot of new commitments within the last 30 days.
110 East is the first phase of a wider reconstruction plan to convert 1.2 acres to south and east avenue to an office destination, retail and food. The Jones building in 1820 South Boulevard (former home in Tupelo Honey) is also under rehabilitation, is expected to be delivered this autumn. The final phase will revitalize the adjacent retail building (formerly Manchester and room 1812).