Charlotte is one of the 25 largest cities in the U.S. and is the largest city in the Carolinas. Nicknamed the Queen City, Charlotte consistently ranks as one of the fastest growing cities in the country. Charlotte is the second largest banking center in the U.S. and is currently home to ten Fortune 1000 companies, including Bank of America, Lowe’s, and Duke Energy. In addition to banking, the city has seen an increased focus on energy, technology, and manufacturing. Charlotte Douglas International Airport (CLT) is the sixth busiest airport for passenger traffic in the nation.
EastGroup Properties currently owns and operates roughly four million square feet in the Charlotte area. The properties in our Charlotte portfolio range from the north submarket to Rock Hill, SC, just south of Charlotte. The majority of EastGroup’s product in the Charlotte area is concentrated within the Southwest submarket, the largest and most desirable submarket for tenants and institutional owners. One of our premier parks, the 1.1M SF Steele Creek Commerce Park, offers unparalleled access to major interstates, dense population nodes, the Charlotte Douglas International Airport (CLT), and the Intermodal Facility.