CHARLESTON, SC, Dec. 1, 2021 – Pinnacle Financial Partners recently announced that it will move its main office on the South Carolina coast to Morrison Yard Office, a 156,159-square-foot, Class-A building under development in Charleston. Pinnacle will occupy 20,372 square feet of office space and 2,282 square feet of retail space in the project. JLL Managing Directors Brian Connolly and Lee Allen are handling office leasing efforts on behalf of the owners, which includes The Keith Corporation, Mixson Properties and Origin Development Partners. Pinnacle was represented by Reid Davis, Pete Harper and Cameron Yost with Lee & Associates.
Located at 850 Morrison Drive, Morrison Yard Office is a prominent new office development situated at the base of Charleston’s Arthur Ravenel Jr. Bridge. The 12-story building encompasses 147,947 square feet of Class-A office space and features 20,000-square-foot floorplates that maximize flexibility. Morrison Yard Office also features approximately 9,000 square feet of ground-floor retail space.
To support its continued growth and expansion in the Charleston area, Pinnacle will take the entire 11th floor of the building, as well one of the ground-floor retail spaces for a full-service banking office. Pinnacle is expected to move into Morrison Yard Office when the building is delivered in July 2022. The full-service retail banking office on Johnnie Dodds Boulevard in Mount Pleasant, where the main office is currently located, will remain open after the move, while the Meeting Street retail location will relocate to Morrison Yard.
“Pinnacle is growing into one of Charleston’s premier banks, and this move is evidence of our belief and investment in the market,” said Mary Garcia, Pinnacle’s regional president on the South Carolina Coast. “This year, we officially became the sixth largest bank in the Charleston MSA by deposit market share, and the new office in Morrison Yard will further energize our team and our clients. It represents a significant commitment from Pinnacle and the continued growth we expect to see here. We can’t wait to be part of the gateway into the Charleston peninsula.”
As the tallest office building in the city, Morrison Yard Office overlooks the Cooper River and offers 360-degree views of Downtown Charleston and Charleston Harbor. To enhance the pedestrian experience and encourage walkability, a path is being constructed that connects the office campus with the Ravenel Bridge. Tenant amenities include an open-air courtyard, penthouse event space with outdoor seating, rain garden, electric charging stations and ample parking. The Morrison Yard development also includes a 10-story, 386-unit apartment project at 838 Morrison Drive.
“We are beyond thrilled to welcome Pinnacle to the Upper Peninsula and the most iconic office building to ever deliver in Charleston,” said JLL’s Connolly. “With Pinnacle leasing the top office floor, the bank will truly enjoy spectacular, unmatched views of the city that have never been seen before.”
As the anchor point for Downtown Charleston and surrounding communities, Morrison Yard Office offers easy access for commuters to the Upper Peninsula. The building is four minutes from King Street, allowing for immediate connectivity to hundreds of retail, dining and entertainment options. The development is within North Morrison, the growing creative district that includes restaurants, several breweries, residential neighborhoods, repurposed warehouses, hotels and more.
“Pinnacle’s lease at Morrison Yard is further proof that the business center has shifted north of Calhoun in Charleston,” said Jeff Mixson, Founder and Principal of Mixson Properties. “The heart and soul of the city will always be the Historic District, but the epicenter for banks, law firms and service firms is now NOMO proving out the vision of the Upper Peninsula Zoning District.”
Morrison Yard Office will be one of the first recipients of the Charleston Rises Certification, which recognizes new construction that is at least 30% more energy- and water-efficient than code requires, as well as projects that are constructed with materials and products that support the health and well-being of occupants. Additionally, the building promotes and rewards the use of alternative forms of transportation by providing amenities that are geared toward pedestrians and bikers, including the new pedestrian access to Ravenel Bridge.
About Pinnacle Financial Partners
Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. Pinnacle earned a spot on FORTUNE's 2021 list of 100 Best Companies to Work For® in the U.S., its fifth consecutive appearance. American Banker recognized Pinnacle as one of America’s Best Banks to Work For nine years in a row and No. 1 among banks with more than $11 billion in assets in 2021.
Pinnacle entered the South Carolina market in 2017 when it acquired BNC Bancorp. Pinnacle continues BNC’s practice of offering community bank service with the resources and sophistication of a larger firm.
The firm began operations in a single location in downtown Nashville, TN, in October 2000 and has since grown to approximately $36.5 billion in assets as of Sept. 30, 2021. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in 14 primarily urban markets across the Southeast.
Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at www.pnfp.com.
The Keith Corporation
The Keith Corporation (TKC) is a full service commercial real estate firm headquartered in Charlotte, NC. TKC was founded by Graeme M. Keith Sr. and Graeme (Greg) M. Keith Jr. in 1989 as a single-tenant, net lease development company. Since then, TKC has completed over $3 billion worth of development consisting of 310+ projects in 35 states and 5 countries. TKC’s philosophy has always been to cultivate trust, build long-lasting relationships with our clients and leverage our development expertise so that our clients can focus on their core competencies. Our clients range from multinational Fortune 500 corporations, top rated hospitals & health systems, to young, entrepreneurial companies. As a result of this philosophy, coupled with a conservative and strategic growth strategy, TKC has steadily matured into one of the largest and most well respected private full service commercial real estate firms in the nation.
Mixson Properties is led by Charleston and Industry veteran Jeff Mixson. Jeff has over 22 years of experience in the commercial real estate industry after starting his career as a civil engineer. His commercial real estate career started at Highwoods Properties where he spent five years and oversaw the leasing and marketing of their seven million square foot portfolio. Jeff then worked at Holder Properties for almost 17 years where he was an officer of the company and lead the company’s growth in South Carolina. He was primarily responsible for the development, leasing and marketing of over one million square feet of speculative office, corporate headquarters and special use facilities. Through his time at Highwoods and Holder, Jeff was personally responsible for lease and investment sales transactions representing more than $700 million in value.
Origin Development Partners
Origin Development Partners, LLC is a Charleston, South Carolina real estate development and acquisition firm focused on income producing and value-add real estate opportunities throughout the Southeast. The principals of Origin Development Partners with over 75 years of experience possess a distinctive combination of expertise in design, entitlement, development, and real estate finance. We seek to manage investment risk through strict underwriting standards, extensive due diligence, creative debt and equity structures, and strategic acquisitions/dispositions. The goal of Origin Development Partners is to create long term relationships and deliver value to our investors and partners by understanding their tolerance for risk and specific investment goals.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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