Northwood Office is pleased to announce that Sompo International has signed a 43,125-square-foot lease at the Overlook Building located in Ballantyne. The global (re) insurance organization will relocate from the Hayes Building to the Overlook Building in Q1 2022. The 302,500-square- foot Overlook Building released in March 2021 and is now 46% leased.
“Sompo International has been a long-term tenant with Northwood, and we look forward to relocating our operations to the new Overlook building,” said Jeff Walsh, head of global real estate, facilities and BCP at Sompo International. “The Ballantyne Reimagined project will offer our employees and clients access to an array of various amenities, and we are excited to be a part of this development.”
“We’re pleased with the continued momentum of activity and thank our customers and their brokers for selecting Ballantyne as their workplace of choice,” said John Barton, president of Northwood Office.
Kimberly Kendall and Thomas Nealon handled negotiations on behalf of Northwood Office. Chris Burke with East Coast Commercial represented Sompo International.
The 11-story Class A Overlook Building, located at 13146 Ballantyne Corporate Place, is targeted for LEED® Silver certification and is Designed to Earn the ENERGY STAR. Overlook features a top-level amenity floor with a rooftop terrace, firepit and 14,500 square feet of versatile space, including a 50-seat conference room. Other building amenities include a 2,500-square-foot fitness facility with locker rooms and state-of-the-art equipment, free structured parking and an adjacent 16-story luxury residential tower. New environment enhancements include automatic hands-free operators on exterior and restroom doors, MERV-13 air filters, destination dispatch elevator technology and more health-focused features. The completion of Overlook is Northwood’s first development in Ballantyne and represents the first step of continued growth with Ballantyne Reimagined.
About Ballantyne
Recognized internationally as one of the most successfully designed and executed mixed-use communities, Ballantyne is a 2,000-acre community in Charlotte, North Carolina. Ballantyne features thousands of apartments, over 1,000 single-family homes, the highest-rated public schools, nearly 600 hotel rooms, 25 miles of walking paths and bike lanes, over 100 acres of parks and green space, as well as dozens of restaurants, medical and retail amenities. With a laser-sharp focus on providing the nation’s most desirable work-life balance community, Northwood Office owns and manages 4.4 million square feet of Class A office space in Ballantyne with additional entitlements in place on a 535-acre property. View updates on Ballantyne Reimagined, the vision to create a more urban, walkable environment at Ballantyne. Visit goBallantyne.com for the latest community happenings and ballantynecorporate.com for leasing availabilities.
About Northwood Office
Charlotte-based Northwood Office was established by Northwood Investors – a privately-held, global real estate investment and management firm – to provide a complete approach to fulfilling office space needs. Offering best-in-class services in commercial development, leasing and property management, Northwood Office is committed to creating and sustaining work environments that inspire by focusing on enhancing quality of life, productivity, flexibility and community. Northwood Office has earned the WELL Health-Safety Rating for 47
locations, representing 5,937,698 square feet across its portfolio through the International WELL Building Institute (IWBI). Northwood Office’s portfolio includes Ballantyne and Metropolitan in Charlotte, and extends nationally to Atlanta, Boston, Culver City, Durham, Miami and Nashville. For more information, visit northwoodoffice.com.
