Occupancy is expected as early as mid to late 2010.
Duke Energy is proud of its relationship with the Charlotte region and this agreement reflects our commitment to being an integral part of its growth and vitality, said James E. Rogers, Duke Energy chairman, president and chief executive officer. The situation created by the Wells Fargo/Wachovia merger resulted in a unique position for Duke Energy to be able to obtain this space.
The Duke Energy Center will be LEED-certified. LEED stands for Leadership in Energy and Environmental Design, a nationally accepted benchmark for the design, construction and operation of environmentally responsible buildings. The program is administered by the U.S. Green Building Council, a coalition of leaders from every sector of the building industry.
It’s important to note, we are not expanding our office space in uptown Charlotte, Rogers said. The leased space in 550 South Tryon will replace other leases due to expire and will provide high-quality office space at essentially the same cost over the term of the lease. Duke Energy will continue to occupy the 526 South Church Street building that the company owns.
550 South Tryon is located in the heart of the city’s diverse cultural arts campus, programs long-supported by Duke Energy, its employees and retirees. The energy company will occupy floors 15 through 22 and 36 through 48.
Duke Energy leases or owns about 1.3 million square feet of office space for approximately 3,000 of its employees in the Charlotte uptown area.
