Duke energy has decided that it wants to be a tennant in Wachovia's building. This is great news for Charlotte NC Real Estate. Not only will a building be full downtown, but Duke Energy, a major employer in town will now have more of a presence downtown. Wachovia was building a new building, but after it was bought by Wells Fargo, it was up in the air as to whether it would occupy it.
This is definitely a great thing for Charlotte. Because if the building had sat empty, it would have affected corporate real esate, which would have been a bad thing. It also gives Wachovia a source of revenue and a home if Wells Fargo decides to move people to Charlotte one day.
Charlotte has distinct advantages for executives who want to move their business to a suburban style of city with lower expenses. It's one of the reasons that many companies have been moving their operations to Charlotte over the past decade.
Although it is a little out of the way for some people who need to be connected to the northeast, the weather is a big motivator. There is ample transportation out of Charlotte and the fact that the Charlotte Douglas International Airport is a USAirways hub means that flights to just about anywhere are readily available.
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