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Vanguard Group's future campus in Charlotte, North Carolina.

Portfolio > Asset Managers

Vanguard Buys New Campus in Charlotte

By Dinah Wisenberg Brin

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Vanguard has acquired a 91-acre property with a new 700,000-square-foot building in Charlotte, North Carolina, for its 2,400 employees in the region.

It bought the property from Centene Corporation, a managed healthcare firm, for $117 million, according to the Charlotte Business Journal.

Vanguard expects the campus — which includes a conference center, cafeteria, outdoor eating and walking areas, a fitness center and electric vehicle charging stations — to open next year. It is in Charlotte’s University City district near a light rail transit line.

The Valley Forge, Pennsylvania-based fund giant currently leases several office locations in Charlotte, a spokesperson said.

“We’re excited to continue to enrich their workplace experience through a brand-new, modernized campus that maximizes the value of in-person collaboration and reinforces our commitment to Charlotte as a hub for purpose-driven talent,” according to Jennifer Manry, Vanguard’s principal of corporate systems in IT and Charlotte site co-lead for Vanguard.

Vanguard opened its first office in Charlotte in 1997, where it now employs staff focused on financial advice, sales, information technology, human resources, client service and other fields.

“For the acquisition, the campus will support our current business needs, with room to grow if needed. Importantly, we look forward to more in-office collaboration as a result of bringing our crew together onto one campus,” a spokesperson told ThinkAdvisor in an email.

In 2022, Vanguard purchased a large office building on 25 acres in Malvern, Pennsylvania, near its headquarters. At the time, it operated 31 buildings in greater Philadelphia and employed more than 12,400 individuals in the area.

The asset manager, which recently said that CEO Tim Buckley would step down by year-end, has about 50 million customers worldwide and $9 trillion in assets under management.

Credit: LS3P

Dinah Wisenberg Brin

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