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Atlanta & Southeast  + Southeast  |  October 28, 2020
David Cohen
By: David Cohen

JLL Brokers Sale of 342K-SF MXU Development in Charlotte

JLL has brokered the sale of Metropolitan Midtown, a 342,233-square-foot mixed-use development and a 1.3-acre development parcel in Charlotte. The sales price was not disclosed.

Built in 2008, the development consists of 170,589 square feet of office space and 171,644 square feet of retail as well as a 1,110-space parking deck. The office component is currently 97% leased. The retail portion of Metropolitan Midtown is anchored by a Trader Joe’s and also features a mix of national and local tenants, including Marshalls, Best Buy and Zoe’s Kitchen. The project is located at 1111 Metropolitan Ave.

Ryan Clutter, Richard Reid, Chris Lingerfelt, Tom Kolarczyk, Hunter Barron and Zack Drozda of JLL represented the seller, institutional investors advised by J.P. Morgan Asset Management, in the transaction. The buyer was funds affiliated with Northwood Investors LLC.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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