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Atlanta & Southeast  + Southeast  + Office  |  September 8, 2021
David Cohen
By: David Cohen

CBRE Brokers $33M Sale of Charlotte MXU Tower

CBRE has arranged the $32.7 million sale of Tranquil Court, a 62,983-sqaure-foot mixed-use office tower located at 2820 Selwyn Ave. in Charlotte’s Midtown submarket. Tranquil Court is 100 percent leased to a mix of 20 retail and office tenants.

CBRE’s Patrick Gildea, Matt Smith and Grayson Hawkins represented the seller, Asana Partners, in the transaction. The acquisition is the second joint venture between Childress Klein and Gottesman Real Estate Partners.

“Tranquil Court has historically led the market in both occupancy and rental rates and will continue to do so given its unique location in the heart of Myers Park,” said Gildea, Vice Chairman at CBRE. “The capital markets remain highly favorable for neighborhood office product, which continues to fare well, particularly in high-demand Southeast cities like Charlotte.”

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CBRE’s Gildea

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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