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Atlanta & Southeast  + Carolinas  + Office  | 
Modernized single-story commercial building with weathered wood paneling and outdoor restaurant seating and rock garden

CBRE Arranges $6M Sale of 17K-SF Adaptive Reuse Building in Charlotte’s South End

CBRE has arranged the $6.2-million sale of a 17,426-square-foot creative commercial building on Dunavant Street in Charlotte’s South End neighborhood, a mix of low-rise adaptive reuse properties and new high-rise multifamily and office developments

The buyer, 6 Summit Capital, LLC, purchased the property from Dunavant Development, LLC, an entity related to Argos Real Estate Advisors.

CBRE’s Patrick Gildea, Matt Smith and Grayson Hawkins represented the seller in the transaction.

“Adaptive reuse properties continue to see incredible demand from investors following the trend of office and retail tenants seeking cool, experience-driven space,” said CBRE’s Hawkins. “With the finite supply of authentic creative commercial properties, we have seen larger institutions and new-to-market capital pursuing smaller deal sizes, adding depth to an already competitive buyer pool.

Argos purchased the former manufacturing facility in 2009, then redeveloped it to a complimentary mix of creative office space and a chef-driven restaurant in 2018. The building is 66% occupied.

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CBRE’s Hawkins

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition