An industrial services provider signed one of the largest office leases last year in Charlotte, North Carolina, taking space in a district near the city's largest university.
Robert E. Mason & Associates leased 64,000 square feet at Three Resources Square and will move its headquarters into the building this year. R.E. Mason will depart its longtime headquarters in a 1940s-era building at 1726 N. Graham St. in an area composed mostly of small industrial buildings. R.E. Mason has occupied the Graham Street building in the Lockwood neighborhood for about 80 years.
R.E. Mason's new office is in an area with more office buildings, the University City neighborhood, named for the nearby 30,300-student University of North Carolina at Charlotte.
The lease was the sixth-largest office lease, measured by square feet, in the Charlotte market in 2024, according to CoStar data. The deal was selected as the winner of a 2025 CoStar Impact Award for lease of the year in Charlotte, as judged by a team of real estate professionals familiar with the market.
R.E. Mason provides industrial automation and process control services for clients in the energy, life sciences, paper and pulp, and chemical industries.
About the deal: R.E. Mason signed a 10-year lease for its new office for $26 per square foot with a 2.5% annual escalation provision. The lease has two 10-year renewal options.
What the judges said: "This is one of the largest office leases in the market in 2024 as well as a big win for the University submarket," said Dillard Williams, senior director at Spectrum Cos.
They made it happen: Joe Franco, Kris Westmoreland and Addison Stratton at CBRE represented the landlord. Andrew Blumenthal, Geoff Partel and Amy Tucker at Legacy Real Estate Advisors represented the tenant.