The Arden Group has sold the BB&T Center, a 22-story, 568,646-square-foot office building and adjacent 11-story, 1,520-space parking garage in Uptown Charlotte. The sales price was reported as $115 million.
Located at 200 South College, the property features a tenant roster that includes Truist, AIG, TekSystems, AeroTek, and RingCentral. Arden acquired the tower in 2017 and completed $10.5 million in renovations, including the addition of a 5,200-square-foot tenant amenity center with conference and training rooms, a tenant lounge and an 1,800-square-foot outdoor deck.
Chris Lingerfelt and Ryan Clutter of JLL represented the undisclosed buyer in the acquisition of the office building. In addition, the JLL team represented Arden Group in the sale of the parking garage to Cousins Properties.
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.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.