Press Releases

Strata Solar Inks Deal to Relocate Headquarters to the Golden Belt Campus in Durham

DURHAM, NC – August 8, 2018 - Strata Solar announced today plans to relocate its headquarters from Chapel Hill to the Mill Building and Power Plant Building at the Golden Belt Campus in Downtown Durham. The move is scheduled for completion in January 2019 and is part of the company’s plans for continued expansion. In addition to consolidating all of its Triangle based office workers into one location, the company will build a new state-of-the-art operations center to control the hundreds of solar farms in Strata’s portfolio.

“As Strata continues to grow,” said Markus Wilhelm, co-founder and CEO of Strata Solar, “we needed a space that could accommodate all of our local employees under one roof and give us the ability to continue expanding. We also looked for a work environment that aligns with our mission of creating new opportunities for clean energy. The transformation of the Mill building and old power plant into a center of clean energy technology and artistic expression is a great symbol of the innovation that has driven our company’s success.”

The firm will occupy 50,366 square feet, taking a “superfloor” comprising the entire second floor of the Mill as well as the signature adjacent Power Plant.

Ed Kulik, the co-owner of LRC Properties which is managing member of Golden Belt Campus, said “We are excited to welcome Strata Solar to Mill No.1 at Golden Belt Campus. Their culture is the right fit for our project. They have a passion for helping bring more solar to more communities and reducing our reliance on less sustainable energy sources. The juxtaposition of a solar energy company opening for business in a former coal fueled power plant speaks to the optimism and story of renewal at Golden Belt Campus in Durham.” LRC will complete the majority of its renovations to the campus in December of 2018.

Robin Roseberry Anders, SIOR and Jordan Williams, MBA of NAI Carolantic Realty brokers represented LRC Properties and Matt Winters of Tri Properties represented Strata Solar in the lease negotiation.

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About Golden Belt Campus: : Golden Belt Campus is a 320,000 SF historic mill that once facilitated textile and tobacco operations and is the only remaining 1900’s era conversion opportunity of its kind in the area. LRC Properties purchased the Mill No.1 portion of the campus in 2016, and the remainder of the Golden Belt buildings in mid-2017, beginning a full-scale renovation of the former that summer. In addition to fully renovated brick and timber office spaces boasting large 40K SF floor plates, the renovation will include new artists’ studios and galleries, landscaped outdoor areas for tenant and neighborhood gatherings, and music on the “Summer Stage Plaza” bordering Taylor Street. Hi-Wire Brewing and WillowTree Inc. recently announced they would also be opening for business at Golden Belt Campus. Now, the largest remaining office space block of 36,000 square feet, plus a combined 34,000 square feet for creative and retail uses, are all that remain.

About NAI Carolantic: NAI Carolantic is the area’s leading commercial real estate firm with 22 brokers, a full-service property management division, as well as an experienced marketing and research division. Established in 1972, NAI Carolantic is a local office of NAI Global, one of the largest real estate service providers worldwide. NAI has over 7,000 real estate professionals in over 400 offices around the world with regional management, global infrastructure, best practices and technology to provide clients with consistent, quality results, www.naicarolantic.com

About LRC Properties: LRC Properties is an experienced investment manager focused on East Coast commercial real estate investments. Founded in 2009 by Howard Lavitt and Edward Kulik, LRC Properties is headquartered in New York with an experienced team capable of dealing with all aspects of real estate management. In North Carolina, LRC Properties has assets in Charlotte, Durham and Raleigh, with an office in Charlotte. LRC concentrates in acquiring core plus and value add properties in improving markets, and currently manages more than 8 million square feet in the Southeast. LRC is positioned to move quickly to deploy capital and decisively secure transactions. For more information on LRC Properties, visit www.lrcprop.com.

About Strata Solar: Strata Solar is a leading provider of utility-scale, commercial and industrial solar photovoltaic (PV)systems. Strata has constructed over 1GW in total solar capacity and maintains a development pipeline of over 3GW. The company’s integrated approach, which includes development, financing, engineering, procurement, construction, operations, and maintenance, allows Strata to consistently build quality projects with long-term ownership in mind. Strata is consistently ranked as one of the largest utility-scale solar integrators in the U.S. For more information on Strata Solar, visit www.stratasolar.com.