Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Childress Klein Buys Charlotte’s Esplanade at Southpark for $31M
Childress Klein has purchased Esplanade at Southpark from LRC Properties for $31 million. The transaction was brokered by CBRE’s Patrick Gildea, Rob Hardaway, Grayson Hawkins, and Matt Smith.
LRC Properties and joint venture partner Highbrook Capital Management previously acquired the 202,000-square-foot four-story tower at 2101 Rexford Road for more than $25 million in 2014. Tenants include Ally Financial, Experian Americas, and Lowery Insurance.
The Class B building was constructed in 1981 on more than 10 acres. The Childress Klein portfolio also includes the neighboring five-story, 73,416-square-foot building at 2115 Rexford Road.
“(We are) excited to extend our joint venture relationship with Gottesman in the SouthPark submarket with the acquisition of the Esplanade office building,” said Scott Wilson, Childress Klein division partner, office. “The asset is situated adjacent to our existing Rexford office asset, and we look forward to a long term investment in the vibrant and attractive SouthPark submarket.”
- ◦Sale/Acquisition