RoundPoint Mortgage to Relocate Carolinas HQ
- May 25, 2018
RoundPoint Mortgage Servicing Corp. is moving its headquarters to a new built-to-suit $34 million office building in Fort Mill, S.C. A joint venture between Lincoln Harris and Cato develops the property. Savills Studley’s Corporate Managing Director Dan Woodley and Senior Managing Director Amy Johnson facilitated the transaction on the 150,000-square-foot deal, which is scheduled for completion in the third quarter of next year.
“Some of the things that factored into this decision was the business environment, the workforce, and the proximity to the airport,” Woodley told Commercial Property Executive. “The other thing that was appealing to them was its access to the Interstate.”
Over the past two years, Savills Studley has seen the growth shift Southward from Charlotte, N.C., into York and Lancaster Counties, as a number of corporations have followed a similar path. “A lot of these companies are looking to reduce costs, and we’ve seen a trend of more open floorplans, which RoundPoint will have,” Woodley said. “It’s a trend I expect to continually happen in the future.”
Big things ahead
The three-story building is the first new construction in the 350-acre Southbridge development since it was acquired by the joint venture four years ago. The South Carolina Coordinating Council for Economic Development set aside a $500,000 grant for York County to help with costs related to site preparation and building construction.
According to Woodley, Savills Studley helped RoundPoint look for a new locale and assisted in bringing about the site selection and strategic planning process, and believes the live-work-play environment that the Lincoln Harris/Cato partnership planned is perfect for the mortgage servicer company.
“When we started this process with the strategic planning leadership of RoundPoint, we looked at a number of properties in a number of states,” he said. “Currently, they are spread out in three buildings in Charlotte in one business park and that presents certain challenges. Their goal was to have everyone housed under one roof, not only for the culture but for production and the work that they do.”
In May, Savills Studley represented Kroll Bond Rating Agency Inc. in the 95,000-square-foot sublease with media conglomerate Meredith Corp. at The Crystal Pavilion in Midtown Manhattan.
Rendering courtesy of Savills Studley