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Charlotte’s Innovation Park lands Allstate relocation

The Allstate Corp. has signed a lease for 200,000 square feet in Innovation Park and will relocate about 1,200 employees to the complex from nearby buildings in 2014 and 2015.

The deal caps a dramatic turnaround for the University City complex, which is off West W.T. Harris Boulevard near Interstate 85. The park, formerly known as Meridian Corporate Center, was about 35% leased when BECO South purchased the 200-acre property for $42 million in 2010.