Capital Group picks Charlotte tower for expansion, home to 600 new finance jobs
A Los Angeles-based financial services giant has signed a lease for its new East Coast headquarters in Charlotte — it’ll be at One Independence Center in uptown.
Capital Group will take over nearly 197,000 square feet at 101 N. Tryon St., according to a memorandum of the lease in the Mecklenburg County property records. The lease began May 22 and was filed to the county on Tuesday.
The lease seals Capital Group’s move to Charlotte, in the heart of uptown, and marks the start of the firm’s expansion into the region.
Capital Group plans to establish a “Center of Excellence” in Charlotte, investing $60 million into the city and creating 600 high-paying jobs, the N.C. Department of Commerce announced in March.
The minimum average salary will be $194,141, which is double Mecklenburg’s average wage of $90,706 as of January, according to state data. New positions include software, data and AI engineering, data science, investment operations, marketing and global business services.
Capital Group anticipates investing the $60 million by Dec. 31, 2031, with jobs in Charlotte starting next year.
The Charlotte Business Journal first reported the lease agreement.
About Capital Group
Capital Group is a privately held company that was founded in 1931. It’s well-known for being the investment manager of American Funds, which provides investment options for long-term capital growth.
Capital Group has more than 9,000 employees and 33 offices around the world. And it bills itself as the world’s largest active fund manager, with over $3.4 trillion in assets under management as of January.
For its investment in Charlotte, the state awarded Capital Group tax incentives worth over $17.2 million if the company reaches its hiring and investment goals. The incentive package also includes $2.2 million in training through the community college system and division of work for solutions.
Charlotte and Mecklenburg County combined to offer $1 million in local incentives.
About One Independence in uptown Charlotte
Being at Trade and Tryon streets puts Capital Group in the center of uptown. And in a building looking to compete with newer sites.
It’s why Capital Group chose One Independence, according to Sagar Rathie, managing director at Crescent Communities, which owns the building.
“Companies are being increasingly intentional about where they invest, and this lease reflects the continued demand for well-located, highly amenitized workplaces that help attract and retain top talent,” Rathie said.
Since the pandemic, office buildings have undergone major renovations to entice workers back to their desks. One Independence is at the center of the “flight-to-quality” trend.
Crescent purchased the 20-story building in 2019, along with Nuveen Real Estate, for $132.2 million. Since then, it has invested about $26 million into changing the ground-floor.
That includes the addition of Monarch Market, an 18,000-square-foot food hall that has 11 food stands filled with local and regional operators, as well as three bars.
This story was originally published May 27, 2026 at 1:40 PM with the headline "Capital Group picks Charlotte tower for expansion, home to 600 new finance jobs."
