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Ally and Crescent Communities announce new Charlotte office tower

Ally Financial Inc. and Crescent Communities have announced that they have entered into a lease agreement for a new office building to be constructed at 601 S. Tryon St in Charlotte.

Construction will begin in the first quarter of 2018. The project’s value wasn’t specified in the announcement.

“We are excited for construction to begin on Ally Charlotte Center, and to be securing long term real estate in this city that supports all of our local associates and can accommodate future growth plans,” Ally CEO Jeffrey Brown said in a statement. “This new commercial community is strategically located at the center of the city and will offer our team and business colleagues convenient access to transportation, plenty of amenities and dining choices, and modern work spaces that we hope will inspire collaboration and innovation for years to come.”

Plans for the 26-story, 742,000 sq. ft. office tower include initial occupancy of approximately 400,000 sq. ft. for Ally, a dedicated parking garage, a full-service hotel and a ground-level public plaza surrounded by shops and restaurants. Ally will begin to take occupancy of the new building when construction is completed in 2021, and plans to relocate Charlotte-based employees from other local offices to the new space.

“We are proud to be a part of the growth and development here in Charlotte, and look forward to growing our business presence here and continuing to support local charitable organizations and cultural activities that enhance the lives of local residents and make this city such a great place to live and work,” Brown said.

Charlotte-based Crescent Communities is the building’s owner and developer.

Chase Monroe and Chris Schaaf with JLL represented Ally. Charley Leavitt and Barry Fabyan of JLL represented Crescent Communities.

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