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CBRE Global Investors Acquires Office Tower in Charlotte for $222M
CBRE Global Investors acquired 615 South College, a recently constructed, 375,865-square-foot trophy office tower in Charlotte, NC, on behalf CalSTRS for a reported $222 million. Developed by Atlanta-based Portman Holdings in 2017, the 84%-leased property was sold by a partnership that included Portman, Los Angeles-based PCCP, and Chinese investment firm China Orient Summit Capital Co., Ltd.
The 18-story property is located at the center of Uptown’s Stonewall Corridor, near the Charlotte Convention Center, and is is connected to the area’s largest hotel, The Westin. The site offers direct access to I-277 and the LYNX light rail line.
CBRE Global Investors’ Tom Kirby says, “We believe strongly in the Charlotte region, in particular the robust and growing Central Business District. 615 South College’s building design offers an urban office environment that caters to today’s modern users, and the property fits perfectly into our client’s investment strategy of owning high-quality, core assets in A+ locations in growth markets.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
