Coinbase to open office in 110 East
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Photo: Courtesy of Trinity Partners
Coinbase will open a 58,600-square-foot Charlotte office at 110 East, signing the largest lease yet at the 370,000-square-foot South End building.
Why it matters: The crypto giant brings a splashy, high-profile name to South End's newest $186 million office tower, which has remained largely empty since debuting in March 2024 but is seeing an upswing in leasing commitments.
Context: Coinbase, the nation's largest crypto exchange, is in the midst of a hiring spree in Charlotte, looking to fill more than 130 positions in its compliance and customer support teams. Nationwide, the company plans to hire about 1,000 employees this year.
- Initially, the company declined to share specifics about its office location. However, commercial real estate firm Trinity Partners confirmed the deal Tuesday in a press release.
Go deeper: Coinbase expands to Charlotte
Zoom in: Although Coinbase is a remote-first company, the Charlotte office on the 18th and 19th floors will serve as a space where employees can meet. The company is calling it its "Center of Excellence."
- JLL represented Coinbase in the transaction, while Trinity Partners represented the building's landlord.
Zoom out: Coinbase also has offices in San Francisco and New York, where regional employees can meet in person periodically. The company has about 4,000 employees, with roughly 95% working remotely.
Catch up quick: Trinity Partners says it has signed 115,000 square feet of new commitments at 110 East within the past 30 days, including a 15,500-square-foot deal with an undisclosed tenant.
- SouthState Bank recently announced it is moving its regional headquarters from SouthPark to 40,000 square feet in the tower in the second quarter of 2026.
- Humana, a healthcare administration company, and Patterson Pope, a storage solution company, have leased nearly 20,000 square feet combined.
Between the lines: The property next to the rail trail, which is now 37% leased, doesn't yet have an anchor tenant.
- "The top floors are a great opportunity for an anchor tenant, so we'll see how everything shakes out. Perhaps one large user grabs them, or multiple tenants," said Molly Carroll, partner of marketing and communications at Trinity Partners.
Go deeper: Leasing momentum builds for South End's newest and emptiest office tower