ATCO Properties & Management, along with partner Shorenstein Properties, LLC, announced today that revolutionary veterinary care provider Petfolk has chosen Camp North End as the location for its corporate headquarters.
Launched in Charlotte in 2020, Petfolk was founded by Co-CEOs Dr. Audrey Wystrach, a practitioner of veterinary medicine for more than 25 years, and her brother Michael Wystrach, founder and prior CEO of Freshly. The startup, which announced the closing of a $40 million Series A fundraise in August, focuses on transforming the industry by providing modern, accessible and professional pet care facilities accompanied by a proprietary technology and data platform for consumers.
Located in the Mount District of Camp North End at 201 Camp Road Suite 104, Petfolk’s 2,463-square-foot HQ has been thoughtfully designed to accommodate its Charlotte-based teams as well as mobile teams of employees traveling throughout the Southeast. The office includes flexible space for in-person and virtual meetings, as well as areas for training and development. Prior to its move this month, Petfolk rented an office at Camp North End’s coworking tenant Hygge.
“Petfolk is thrilled to select Camp North End for our corporate headquarters, as it provides the location and amenities we require to support the needs of our growing teams and company,” said Dr. Audrey Wystrach, co-founder and CEO of Petfolk. “This selection allows Petfolk to introduce another added level of creativity and innovation to our core team as we continue our expansion in Charlotte, offering a community of care for vets, pets and pet parents, along with a commitment to deliver the highest level of care, transparency, connectivity and compassion.”
Petfolk currently provides on-site appointments in serene, stress-free spaces, as well as virtual care and mobile pet care access. The company’s virtual care services augment the pet parent’s experience by providing access to expert advice and veterinarians from anywhere. Petfolk’s Mobile Pet Care Clinics allow the company to offer services in a variety of environments, such as at local pet events and through partnerships with local pet-friendly businesses. The company presently operates in North Carolina, with 2023 offices coming in South Carolina, Georgia and Florida. The Petfolk team expects to see 40,000 pets this year.
“Camp North End is a magnet for growing businesses, and we couldn’t be more pleased that Petfolk has chosen to become a permanent part of our tenant mix,” said Tommy Mann, Development Director at Camp North End. “Leasing at Camp North End includes so much more than best-in-class office space, easily accessible retail offerings, and onsite programming for employees to enjoy; it’s about joining a community where everyday interactions occur between ambitious entrepreneurs, industry leaders and creatives.”
The corporate lease expands Petfolk’s footprint in the Charlotte market, which currently includes two care centers with three more on the way.
The deal builds on ATCO’s recent commercial leasing momentum, which added Google Fiber this month and Charlotte-based Kingsmen Software in August. Camp North End is also home to commercial tenants including Centene Corporation, Ally Financial, AON, CloudGenera, Passero Associates, Pine Gate Renewables, and more. This lease brings Camp North End’s current site-wide occupancy of delivered space to 73%.
Developed by ATCO, Camp North End is a state-of-the-art creative development that is being designed and curated to serve the most innovative companies in Charlotte. Select Camp North End buildings, including 201 Camp Road where Petfolk will be located, are being developed as part of a joint venture by ATCO and Shorenstein. 201 Camp Road is part of phase II of the development, which also includes the adaptive reuse of 701 Keswick Avenue. Neighboring tenants include Grow, Free Range Bar and the upcoming arrival of HEX Coffee.
Building ownership was represented by Rhea Greene, Jennifer Kurz and Chase Merkel of Trinity Partners.
About Camp North End
Developed by ATCO Properties & Management, Camp North End is a state-of-the-art creative development that is being designed and curated to cater to today’s most innovative and cutting-edge companies in Charlotte’s up-and-coming North End Smart District. Select Camp North End buildings are being jointly developed by ATCO and Shorenstein Properties, LLC.
As one of the largest adaptive reuse projects currently underway in the U.S., the project is transforming a historic 76-acre site where people once manufactured Model T cars and assembled US Army missiles into a catalytic hub of creativity and ideas.
With over 300,000 square feet of space already redeveloped for work, artistic expression, dining and hospitality, entertainment, recreation, and community building, and another 1.5 million square feet on the way, Camp North End’s curated development will drive growth for the businesses that join its community.
For more information about Camp North End, visit the official Camp North End website at https://camp.nc/ or follow along on Facebook, Instagram, Twitter, and LinkedIn at @campnorthend.
About ATCO
ATCO is a real estate investment and ownership platform deploying capital in select cities across the United States, with a particular emphasis on creating value through placemaking and other strategies in urban locations. ATCO seeks to improve people’s lives by creating places where they genuinely want to work, play, or live, and by doing our work with a long-term perspective.
Through eight decades and four generations, ATCO has owned, managed, and developed a diverse real estate portfolio, primarily in and around New York City and also in select markets we target. ATCO presently owns and manages more than 25 buildings ranging from high-rise office and residential towers to retail properties, from one-story industrial structures to a mixed-use former military base. The portfolio of New York City properties includes: 555 Fifth Avenue, 40 Central Park South, 41 West 58th Street, 630 Third Avenue, 381 and 373 Park Avenue South, 515 Madison Avenue and the Atlas Terminals. Nationally, the company owns properties in Charlotte and Chapel Hill, NC; Austin, Texas; Indianapolis, Indiana; Darien, Stamford and Westport, Connecticut. Internationally, ATCO has investments in seven European countries.
About Shorenstein Properties LLC
Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm that 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 has sponsored twelve closed-end investment funds with total equity commitments of $8.8 billion, of which Shorenstein committed $723.5 million. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most 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. These funds have invested in properties totaling 67 million square feet in transactions with a gross investment value in excess of $16 billion.
About Petfolk
Petfolk is veterinary care that puts pets and their parents at the center of a connected care community. Founded and led by expert vets, they’ve made everything about pet care more clear and convenient, empowering pet parents to make the best decisions for their best friend. With scheduled on-site visits and virtual care, Petfolk is with you every step of the journey. For more information about Petfolk, visit the website at https://petfolk.com or follow along and engage on social media at @mypetfolk on Facebook, Instagram and LinkedIn.
