Boasting many of the nation's hottest housing and employment markets, The Carolinas are brimming with activity and potential growth. Stiles successfully entered the region in 2012 with the opening of our first office in Charlotte and has rapidly expanded into Raleigh and Charleston, SC with retail, office and multifamily development. We have proudly rooted ourselves in the region having completed seven projects, including: five Publix-anchored shopping centers across North and South Carolina; 300 West Summit, a Class A mid-rise office project in Charlotte; and The Carolinian, a luxury apartment home project in Raleigh.
Currently our Carolinas team is underway with 110 East, an amenity-rich, transient-oriented Class A office tower in Charlotte; Camden Exchange, a luxury multifamily tower in Charlotte; Grove 98, a 70-acre mixed-use Wegmans-anchored retail and residential development in Wake Forest; and Greenly Point, a 15-acre mixed-use retail development at the entrance of University Research Park off West Mallard Creek Church Road in Charlotte.
We are actively seeking development opportunities throughout the Carolinas with a primary focus on new and existing office, retail, residential and mixed-use properties.
Stiles, a leading Southeast-based commercial real estate development firm founded in 1951, announced its planned expansion in the Carolinas with the relocation of Stiles Property Management Vice President Devon Newton to the company’s Charlotte office. Newton will focus on pursuing commercial property management opportunities throughout North and South Carolina with the goal to expand Stiles’ management portfolio and footprint across the region.
Stiles announced the signing of seven (7) tenants for the first phase of retail being developed at Grove Ninety-Eight; a mixed-use development located in the North Raleigh submarket of Wake Forest, N.C. Situated east of Capital Boulevard along Highway 98 at the newly constructed Ligon Mill Road intersection, Grove Ninety-Eight is anchored by a 100,000-square-foot Wegmans, and will feature an additional 80,000 square feet of retail, a 232-unit luxury apartment community, and 395 “for sale” residential units.
Charlotte, N.C. (Dec. 1, 2022) – Stiles, a Southeast-based 71-year-old real estate development firm, is pleased to announce the start of construction on a new 15-acre mixed-use development located at the entrance of University Research Park in North Charlotte. The property consists of 20,000 square feet of retail under development by Stiles and a 135-unit townhome project under development by national homebuilder Taylor Morrison. Leases have already been signed with global brand Starbucks and DECA Dental Group, a leading dental services organization based in Dallas. Clearing and grading for the project is now underway. The retail center is planned to be completed in late 2023.
Stiles, a leading Southeast-based full service commercial real estate development firm founded in 1951, announced today it has commenced construction on a 232-unit luxury multifamily community at Grove Ninety-Eight, a mixed-use master planned development also featuring a 100,000-square-foot Wegmans, an additional 80,000 square feet of walkable retail, and 395 “for sale” residential units. The project is located in the dynamic and rapidly evolving North Raleigh submarket of Wake Forest, N.C.
Shorenstein Properties and Stiles today announced plans to host a groundbreaking event for a 370,000 square-foot spec building that will sit at 110 East Blvd. in Charlotte, North Carolina. The event is scheduled for January 26, 2022.
Stiles announced today that it has closed the $29 million sale of Point Hope Commons, a 75,000-square foot Publix-anchored neighborhood shopping center in Charleston, South Carolina. The property was purchased in a private transaction.
Catalyst Capital Partners recently formed a joint venture with Stiles to develop an ultra-luxury multifamily/mixed-use tower located at the SW corner of Camden Rd. and W. Park Ave. in the fast-growing South End submarket of Charlotte, N.C.
Investor demand in Charlotte’s South End office market continues as Stiles announces the sale of 300 W. Summit Avenue. A newly raised core fund advised by Zurich Alternative Asset Management, LLC (“ZAAM”) of New York acquired the property for $28,775,000 in a direct transaction with Stiles.
Cushman & Wakefield released the first renderings today for the 370,000-square-foot, Class A+ trophy tower in the heart of the South End Submarket at the corner of East and South Boulevard in Charlotte, North Carolina. The iconic tower will be 23 stories, provide direct access to the LYNX light rail at the East/West Boulevard Station and feature retail and restaurant space facing the Rail Trail at the platform level. The project is being developed in partnership between Stiles & Shorenstein Properties LLC. Nashville-based Hastings Architecture is the architect for the project.
A joint venture of Stiles Residential Group (SRG), a division of Fort Lauderdale-based Stiles, and Raleigh-based Grubb Ventures has sold The Carolinian, a new 186-unit luxury apartment mid-rise in one of Raleigh’s most exclusive neighborhoods.
Stiles, a full-service commercial real estate development firm based in the Southeast, in a joint venture with Shorenstein Properties LLC (“Shorenstein”), an owner and operator of high-quality office, residential and mixed-use properties across the U.S., today announced the acquisition of a two-acre parcel of land located along the Charlotte Light Rail at the intersections of South Boulevard, East/West Boulevard and the East/West Boulevard Station in Charlotte’s historic South End.
Stiles announced today that Justin Siemens has been named President, Carolinas, establishing full-time local leadership in Charlotte while solidifying its investment in the Carolinas. Siemens is responsible for sourcing, evaluating, and structuring new development and acquisition opportunities throughout the region, where the company is rapidly expanding its footprint. Stiles is the largest privately held, full-service commercial real estate firm based in the Southeast.
Stiles announced today that its Chief Operating Officer Steve Palmer, 63, will retire on March 29 after 40 years of service to the company. As the second-longest serving executive in the history of Stiles, next to the late Terry Stiles, Palmer’s accomplishments are vast and have helped to establish Stiles as a real estate industry leader in the Southeast.