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Atlanta & Southeast  + Southeast  + Office  |  January 21, 2021
David Cohen
By: David Cohen

Arden Group Divests from Charlotte’s BB&T Center for $115M

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.

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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