CBRE|Triad is pleased to announce Old North State Trust will relocate from downtown Greensboro to Revolution Mill, the former Cone Mill textile plant is located along the Yanceyville Street corridor in Greensboro, just minutes from downtown.
Due to the growth of the financial planning company, they have leased 5,000 square feet on two floors in the 1250 Building at Revolution Mill. The high-end office space will feature glass walled offices, and take advantage of the mill’s huge historic windows, hardwood decking, high ceilings and exposed oak beams. Old North State will be moving by the end of the year.
“This is one of the premium spaces in the Mill, and we’re delighted with Old North State’s plans for it,” said Malcolm White, director of marketing and leasing for Self-Help, Revolution Mill’s developer. “Their clients will enter a spectacular reception space flooded with light, and Old North State’s staff will enjoy the dramatic setting for their individual offices. It’s a great fit.”
The CBRE|Triad team of Richard Mossman, senior vice president, Matt King, assistant vice president and Christy Crouch Smith, associate, represented Self-Help in the transaction. Old North State Trust was represented by Richard Beard of Schulman and Beard Commercial Real Estate. The CBRE|Triad team has been handling the leasing and marketing responsibilities for Revolution Mill since October 2015.
About Old North State Trust, LLC
Old North State Trust (ONST) is a North Carolina based independent, family owned financial services company. As the needs of our founders became more complex, ONST evolved from a family office into a chartered trust company regulated by the state of North Carolina. Today, ONST is a well-established trust company that offers families and individuals meaningful and personalized service. The firm was built on a foundation of trust and integrity- those principles govern all client relationships. For more information about the company, visit http://www.oldnorthstatetrust.com/ .
About Revolution Mill
The Revolution Mill District is a historic textile mill campus encompassing Revolution Mill and Olympic Mill sites, with adjacent land connected by North Buffalo Creek. Located just north of downtown Greensboro, Revolution began operations as the South’s first large flannel mill in 1899 and for decades anchored a thriving community of workers and craftspeople. The facility included over 640,000 feet of working space before the textile industry decline led to its closure in 1982. For the next few decades, limited sections of Revolution were renovated into office space, while other parts of the property fell into disuse and disrepair. In 2012 Self-Help assumed ownership of Revolution Mill and is completing the property’s transformation into a mixed-use development. For more information about the property, leasing availability and details surrounding commercial, residential and studio space visit www.revolutionmillgreensboro.com or call (336) 235-2393.
Self-Help, a community development credit union and lender headquartered in Durham, has provided over $6.9 billion in financing to 112,000 families, individuals and businesses underserved by traditional financial institutions. It helps drive economic development and strengthen communities by financing homebuyers, nonprofits, child care centers, community health facilities, public charter schools, and residential and commercial real estate projects. Self-Help’s credit unions serve over 120,000 people in North Carolina, California, Chicago and Florida with a full range of financial products and services.
In addition to Revolution Mill, Self-Help’s long Greensboro history includes the redevelopment of the Self-Help Center downtown, a Self-Help Credit Union branch at 3400 Battleground Ave and the in-process redevelopment of the Renaissance Shops at Phillips Avenue, formerly the old Renaissance Shopping Center. In Guilford County, Self-Help has made home and commercial loans totaling $90 million, creating or maintaining an estimated 2,700 jobs. Over 70% of the loans have been to minorities, and 66% to low-income families. Learn more at www.self-help.org.
CBRE|Triad is a CBRE affiliate office serving the Triad Region. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. The local office closed more than $199 million in sales and leasing transactions in 2016. For more information about the Triad office, visit our website, www.cbre.us/triad.