Charlotte, NC (August, 2021) – MPV Properties (“MPV”) and Legal Aid of North Carolina, Inc. (“Legal Aid”) are pleased to announce their partnership to renovate a 40,000 SF single-story office building located at 5525 Albemarle Road in east Charlotte. This announcement comes weeks after a separate non-profit legal organization, Charlotte Center for Legal Advocacy, announced its plans to renovate and occupy the adjacent two-story office building located at 5535 Albemarle Road. Both are signs of confidence in the East Charlotte real estate market, where plans for the redevelopment of the Eastland Mall site are on the horizon.
In partnership with Lakemont Property Investors, LLC (“Lakemont”), Legal Aid has already begun work on the renovation, recently completing demolition of the interior of the building. Legal Aid expects to wrap up the full interior renovation by the fall and plans to occupy approximately 40% of the building once complete. MPV Properties represented Legal Aid on the purchase of the building and is marketing the remaining approximate 23,000 SF of vacant space.
“We anticipate that affordable, infill, single-story office space with surface parking will be appealing to tenants coming out of the pandemic. Because the property is located in an Opportunity Zone corridor, we believe the project will be a catalyst to bring more jobs and services to East Charlotte,” said Bailey Patrick of MPV. “The move gives Legal Aid significantly more space than they currently have for the various services they provide, and it also gives them long-term real estate security in an underserved but growing submarket.”
Gonzalo E. Frias, Chair of Legal Aid’s Board of Directors, said “Legal Aid has provided critically important legal services to Charlotte residents for almost 20 years, and our move to East Charlotte represents our dedication to serving our most vulnerable neighbors in a place that is convenient to them. We thank MPV Properties for facilitating this move and helping to cement our presence in the Queen City.”
By locating in such close proximity to one another, Legal Aid and Charlotte Center for Legal Advocacy are essentially building a legal campus that will improve access to a wide variety of services for their clients. In short, they are creating a physical representation of their 20+ year collaborative relationship in helping people.
Cover image: 5525 and 5535 Albemarle Road – located in close proximity to Eastland Mall redevelopment. Crosland Southeast Eastland Development information available at: https://croslandsoutheast.com/project/eastland-mall-site/
Exterior of 5525 Albemarle Road prior to renovation
Elevation of 5525 Albemarle Road after renovation; rendering provided by Robert Johnson Architects
About MPV Properties
MPV Properties is one of the Charlotte area’s leading commercial real estate firms offering landlord and tenant representation in office, industrial, retail and land brokerage, development, investments and association and property management services. For more information, visit www.mpvre.com.
About Legal Aid of North Carolina, Inc.
Legal Aid of North Carolina is a statewide, nonprofit law firm that provides free legal services in civil matters to low-income people in order to ensure equal access to justice and to remove legal barriers to economic opportunity. Learn more at legalaidnc.org. Follow us on Facebook, Twitter, Instagram, LinkedIn and YouTube. Need legal help? Call 1-866-219-5262 (toll-free) or apply online.