Tag: One South

A global debt collector is expanding its U.S. operations, and chose Charlotte for its new office space.

PRA Group, which acquires and collects on nonperforming loans, will move into uptown’s One South building in February, according to a news release. The firm has international offices in London, Oslo and Warsaw, Poland, and it’s headquartered in Virginia. The expansion to Charlotte marks the second U.S. location for the firm.

The move, as PRA puts it, marks an “expansion into one of the nation’s fastest-growing financial markets.”

The Charlotte office will be a talent hub and focus on recruiting employees to the firm, the release said. It’s unclear how many people the firm will hire. A PRA spokesperson also declined to share what type of positions or salary ranges will be available in the future.

But, like many other companies expanding and relocating to Charlotte, PRA Group believes the city has “large pools of skilled professionals,” PRA Group President and CEO Martin Sjolund said in the release.

The firm also said it chose Charlotte because of the quality of life , the city’s long-term economic growth and easy access to an international airport with Charlotte Douglas.

About PRA Group

PRA Group opened 30 years ago with four employees in Norfolk, Virginia, according to the firm’s website.

Now it employs over 1,000 people worldwide.

About One South

PRA Group is the latest tenant for One South at 101 S. Tryon St., taking up about 4,300 square feet.

In October, Proskauer, a global firm specializing in business, financial and individual legal services, signed a lease at One South for over 8,300 square feet. Trimont, a commercial real estate loan services provider, became the tower’s largest tenant in June when it signed a lease for 67,935 square feet, which spans three floors.

Other move-ins include Dole Food Company, Deriva Energy and Coquette, a French-inspired restaurant.

PRA Group brings One South’s occupancy to well over 75%.