Nov 13, 2024
Northwood Office Leases Over 360,000 Square Feet at Ballantyne®
The Ballantyne portfolio continues to perform in 2024 with 33 new deals, renewals and expansions through the third quarter.
A leading transportation and logistics supplier, RXO is a service provider to 58 of Fortune Magazine's largest 100 companies and plays a significant role in smoothing the flow of our nation's vital supply chain.
RXO spun off into a standalone New York Stock Exchange-listed company late last year from XPO Logistics, a business formed in the Ballantyne development nearly 11 years ago.
The company has a global workforce with 700+ employees in Ballantyne offices alone and 113,000 square feet (four floors) of corporate headquarters space in the Woodward Building. Its blue-chip client roster includes Lowe’s, Dow Chemical, Costco, GM, Ford, Owens Corning and Land O’ Lakes.
Why Ballantyne?
"We looked at different locations all over the country and felt we could attract the best talent here in Charlotte," says CEO Drew Wilkerson. "We chose Ballantyne because we're 20 minutes away from everything. Talent [availability] on the technology side is also a main reason why we are here. Looking at great schools in this area, like South Carolina, Appalachian State, NC State and UNCC, Charlotte is somewhere many of these graduates want to be."
Read the full story in Ballantyne Magazine.