There’s a New Brand in Town: Foundry Commercial, Cousins Properties Introduce 550 South to Market

Posted on December 15, 2021

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-Formerly NASCAR® Plaza, the Prominent Uptown Office Tower Will Remain Home to the Charlotte-based Operations of NASCAR-

Charlotte, N.C. (Dec. 15, 2021) – The 20-story office tower located at 550 South Caldwell Street in Uptown Charlotte – until recently, known as NASCAR® Plaza – has been rebranded as 550 South, reflecting a shift toward focusing on the property’s ideal location in the popular Stonewall corridor of Charlotte. NASCAR will remain one of the largest tenants at 550 South, managing operations from three floors within the Class-A building, including the top two floors of the tower.

550 South is a 395,000-square-foot, LEED Gold Certified office tower, delivering high-efficiency office space and renowned for its 360° panoramic views. Owned by Cousins Properties, and leased by Foundry Commercial, leasing opportunities are available for tenants attracted to the vibrant Stonewall corridor.

“In recent years, we’ve seen increasing interest from companies that want to be located within this burgeoning corridor in Uptown Charlotte. With direct connectivity to Charlotte’s South End, and as employers and employees focus on area amenities for their teams, the timing has never been better for firms to establish a presence in this building,” said Cousins Managing Director Mark Holoman.

Home to a brand-new JW Marriott hotel as well as the to-be-built Element by Westin announced last month, Charlotte’s recently revitalized Stonewall corridor has become synonymous with luxury office, hotels, multi-family, and retail. The area now includes a new Whole Foods, high-end restaurants, and direct access to the LYNX Blue Line. Bank of America Stadium, Spectrum Center, and BB&T Ballpark are all located less than a mile from 550 South. Additionally, a pedestrian bridge will soon connect the Rail Trail from South End to Uptown at the nearby Westin Charlotte.

At this time, there are leasing opportunities for small, medium, and large-scale tenants, with the capacity to combine office blocks for larger companies. To inquire about leasing within 550 South, contact Foundry Commercial’s Meredith Ball or Karah Tanneberger at 704-523-0272.

About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with over 380 employees and more than 60 million square feet of management and leasing across the Sun Belt. Since 2007, Foundry has provided leasing, brokerage, building management, corporate services, and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than $1.5 billion in advantaged investment opportunities with their JV partners. For more information, visit www.foundrycommercial.com.

About Cousins Properties
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA primarily invests in Class-A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. For more information, please visit www.cousins.com.