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A2

Johnson Bldg to go Condo

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More Uptown Condos heading to Tryon.

This time in the form of office space. This will take more leasable space off of the market tightening our existing leasable amount of office even further.

I would not be at all shocked to hear of another office tower going up on spec. Charlotte has the LOWEST vacancy in the US for office in its CBD.

With so many conversons and so much demand it is almost a certainty.

A2

http://www.bizjournals.com/charlotte/stori...tml?jst=b_ln_hl

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I am all for it in that area. Adding more life to Tryon beyond the 9-5 workday will be great. Hopefully it will attract streelevel retail adjacent to or in the lobbies of the new condos.

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The Johnson building is the old one on the same block and the 230 S. Tryon condos, correct? That building has a neat lobby.

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