Graham Stoneburner, John Christenbury and Keith Bell of Cushman & Wakefield represented Segra in the lease negotiations, and the landlord, Northwood Office, was self-represented by Kim Kendall. Cushman & Wakefield’s Project Development Services team has been retained to oversee build-out.
“We’re delighted to expand our presence in Charlotte and establish our headquarters here,” said Tim Biltz, CEO of Segra. “Charlotte is geographically centered in our service area making it convenient for our customers and regional employees to visit. We expect the new office to be a hub for innovation, a training site to empower our employees and a center to showcase our industry-leading service and customer solutions.”
The Class A, 10-story Woodward Building was built in 2011 and totals 284,212 square feet. The LEED Gold Certified building includes a two-story lobby and all-glass exterior curtain walls. The 2,000-acre Ballantyne community includes more than 4 million square feet of office space, thousands of apartments, more than 1,000 single family homes and nearly 600 hotel rooms, as well as dozens of restaurants, medical and retail amenities. Ballantyne is zoned for more than 6 million square feet of office space with additional entitlements in place.
“Segra’s new headquarters is another example of Charlotte continuing to attract the top technology companies based on the abundance of technical talent and the pro-business environment,” Bell said.
“Segra is proud to build a first-class headquarters at Ballantyne to recruit and retain top-tier talent,” Christenbury added.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Segra is one of the largest independent fiber bandwidth companies in the U.S. Representing a successful merger of Lumos Networks and Spirit Communications, the company now has the most advanced fiber infrastructure network of more than 23,000 miles that connects more than 9,000 on-net locations and 6 data centers throughout nine Mid-Atlantic and Southeastern states. Segra provides Ethernet, MPLS, dark fiber, advanced data center services, IP and managed services, voice and cloud solutions, all backed by its industry-leading service and reliability. Customers include carriers, enterprises, governments, healthcare organizations, defense, education and businesses of all sizes. For more information about Segra’s technology, solutions and industry-leading commitment to customer care, visit segra.com.