The five-story Sharon Square office building is the first office project to be constructed in SouthPark since 2007, when Piedmont Town Center was finished.
Located at Sharon Road and Ashley Park Lane, the building is already more than 80% leased by anchor tenant SunTrust Banks Inc. The bank has a branch on the ground floor and has leased the building’s second, third and fourth floors for its regional headquarters.
SunTrust originally signed a lease for 43,500 square feet at Sharon Square in 2013 and expanded its space this summer, taking an additional 19,000 square feet.
The building is part of the larger mixed-use project that’s being developed by Pappas Properties and Allen Tate Co.
>Pappas Properties and Terwilliger Pappas recently relocated their offices to 5,000 square feet on the top floor of the building.
SunTrust had been leasing 30,000 square feet on Morrison Boulevard in SouthPark, and it owns an office building at 101 S. Kings Drive of equal size.
“Sharon Square in SouthPark meets all of our criteria and will provide a prominent presence that reflects and reinforces our commitment and continuing growth in this important market,” said Bill Peele, SunTrust’s regional president.