The Redevelopment Commission, the prior owner of the 3-acre building site, in March 1971 agreed to sell it to Independence Square Associates in three transactions for a total of $1 million.

The client of the building, North Carolina National Bank, took out a $28 million loan from Metropolitan Life Insurance Company to cover construction costs for the tower and a 6-story 650 space parking structure.

These 3 also included the new Wachovia building and Southern National Center, the 3 added totaled 1,400,000 square feet (130,000 m2) of office space.

Don Browning, general manager of Independence Square Associates, stated this about his optimism about the market's ability to fill the office space in the building prior to its opening "If it continues the way it's been going, it will be more than 100 percent leased".

The first of many pre-leases came in February 1973 Aetna Life announced they had signed a lease for 40,000 square feet (3,700 m2) in the building to house 300 employees.

[10] Later in the year in June 1973 The Charlotte Athletic Club announced they had signed a lease for 25,000 square feet (2,300 m2) and planned to occupy the space in the fall of 1975.

The company relocated their corporate headquarters from Georgetown, South Carolina to occupy space on the 37th, 38th, and 39th floors.

At the time of the space reduction Bank of America was still the largest tenant in the building occupying 488,000 square feet (45,337 m2).

[26] In September 2011 long term tenant Law firm Alston & Bird announced they had signed a 10-year renewal lease for 90,000 square feet (8,361 m2).

[27] At the end of 2015 the building gained a new retail tenant when the restaurant Essex opened a 5,000 square feet (465 m2) ground floor location.

[28] TIER REIT, the building's owner, announced in May 2016 they would invest $20 million for renovations to add more street level retail.

[34] Another major tenant was announced December 2017, Consolidated Claims Group relocated its headquarters from South Park to the building, occupying 21,000 square feet (1,951 m2) of space.

The purchase provided Cousin's with 21,000,000 square feet (1,950,964 m2) of property across many Sunbelt cities including Charlotte.

This new space included new furniture, a full-service café with a barista, concierge service, on-site IT consultants, a work lounge with windows overlooking Trade and Tryon, a soundproof recording and podcast studio, and a virtual golf simulator.

Jeff Fronek, Tourmaline managing principal, said this about the renovations "The third floor is the first phase of where we're delivering on the promise of providing enhanced capabilities ...

"We knew through tracking the market, what it could be and thought we could play a constructive role in what the next chapter of this building and uptown could look like."

[40] The first new tenants was Optimi, a consulting company ,moving from 200 South Tryon into a 15,000 square feet (1,394 m2) space.

[41] The second new tenant was Fox Rothschild, a law firm that is moving its operations from One Independence to occupy 9,371 square feet (871 m2).