Coinbase Selects 110 East for Charlotte Expansion, Leasing 58,600 Square Feet

115,000 Square Feet of New Leases in the Past Month Signals Growing Demand at South End's Premier Office Tower

CHARLOTTE, N.C., June 3, 2025 /PRNewswire/ -- 110 East (the "Property"), South End's newest Class A+ office building, is pleased to announce its latest transaction. Coinbase, a digital currency wallet and platform for merchants and consumers, has leased the 18th and 19th floors, totaling 58,600 square feet, at the Property. The nation's largest cryptocurrency exchange recently announced its planned expansion to create a "Center of Excellence" office destination in Charlotte, reinforcing the city's growing status as a fintech hub. Coinbase's 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're thrilled to welcome Coinbase to 110 East," said Matt Knisely, Managing Director at Shorenstein. "The Property was designed to meet the needs of the most dynamic, forward-looking companies, and Coinbase's decision to lease at 110 East is an incredible endorsement of this vision. From the building's modern design and premium amenities to its seamless transit access and vibrant retail space, 110 East delivers an ideal workplace experience for modern tenants."

JLL's Conor Brennan represented Coinbase in the transaction. Jennifer Kurz, John Hannon, and Rhea Greene with Trinity Partners represented the landlord.

The Coinbase transaction is the largest of three recent leases signed at 110 East, totaling 115,000 square feet of new commitments within the past 30 days. Most recently, SouthState Bank announced their regional headquarters relocation to take over 40,000 square feet at 110 East, and the Property also signed a 15,500 square foot lease with an undisclosed tenant. Other tenants include Humana, a healthcare administration company, and Patterson Pope, a storage solution company. The Iberian Pig, a modern Spanish tapas restaurant and bar from the award-winning Castellucci Hospitality Group, will anchor 110 East's ground-floor retail with 4,600 square feet along the LYNX East/West Station Platform.

"The strong market momentum at 110 East continues, driven by the building's prime location and upcoming campus redevelopment and retail. With the top five floors still available, offering branding and signage rights, this presents an exceptionally compelling opportunity for prospective tenants," noted Kurz.

110 East is the first phase of a broader redevelopment plan to transform 1.2 acres at South and East Boulevard into a walkable destination for office, retail, and dining. The Jones Building at 1820 South Boulevard (formerly home to Tupelo Honey) is also undergoing restoration, expected to be delivered this fall. The final phase will revitalize the adjacent retail building (formerly The Manchester and Room 1812).

ABOUT 110 EAST
Located at the vibrant intersection of East Boulevard and South Boulevard, 110 East is South End's premier office destination, offering unmatched convenience, connectivity, and quality. Opened in 2024, this 23-story, 370,000-square-foot Class A+ office tower features over 305,000 square feet of total available space and direct access to the LYNX Light Rail—making it an ideal hub for forward-thinking companies. The Property was developed by Stiles, a full-service commercial real estate firm, and Shorenstein Investment Advisors, an owner and operator of high-quality office, residential, and mixed-use properties across the U.S. Designed by Hastings Architecture, 110

East blends cutting-edge design with next-level amenities. Highlights include a sky lobby with panoramic views of Uptown Charlotte, a 4,000- square-foot state-of-the-art fitness center, flexible conference facilities, and expansive 29,000-square-foot floor plates with 13'4" floor-to-floor heights and 11' clear vision glass to maximize natural light and openness. With LEED Gold and WiredScore Platinum certifications, the building promotes wellness, productivity, and sustainability at every level. For leasing information, visit http://www.110east.com.

ABOUT STILES
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, real estate brokerage services, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, FL, Stiles maintains a regional office in Charlotte, North Carolina as well as satellite offices throughout Florida and in Nashville, Tennessee. Stiles is responsible for more than 54 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. Visit http://www.stiles.com for more information.

ABOUT SHORENSTEIN
Shorenstein is a privately-owned investment adviser that, through affiliated entities, owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein and its affiliates have acquired $19.5 billion in assets (as of December 31, 2024). Using their integrated investment and operating capabilities, the firm seeks to take advantage of opportunities that, at the particular time in the investment cycle, offer attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. More information is available at www.shorenstein.com.

ABOUT TRINITY PARTNERS
Trinity Partners is a full-service commercial real estate firm serving corporate users and institutional owners throughout the United States, with service lines ranging from landlord representation and occupier services to property management and investment sales. They are known for their entrepreneurial spirit, best-in-class performance, and respected team of commercial real estate professionals, who are directly responsible for the company's success and collaborative culture. The firm currently leases and/or manages over 42 million square feet of office, industrial, mixed-use, and retail space across the region through their five offices in Charlotte and Raleigh, North Carolina, Columbia and Greenville, South Carolina, and Atlanta, Georgia. Visit www.trinity-partners.com for more information.

Media Contacts:
Stiles Contact:
Adrienne Zalkind
954-627-9148
[email protected]

Shorenstein Contact:
Sarah Salky / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212.255.4449

Trinity Partners Contact:
Molly Carroll
704-604-5740
[email protected]

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SOURCE Shorenstein Properties LLC