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Charlotte Office Complex Trades for $328.5M
Cousins Properties purchased Vantage South End, a 639,000-square-foot office complex in Charlotte, for $328.5 million. The sellers were Invesco Real Estate and The Spectrum Cos.
The duo completed the two-building campus in 2021 and 2022. Rodgers Buildings was the general contractor, and LS3P Associates was the design firm. Initial plans for the property also included an 11-story, 200-key boutique hotel.
Vantage South End comprises two 11-story buildings that feature 45,000 square feet of retail space, a 1-acre park, 18 outdoor terraces, several fitness and conference centers, and multiple on-site dining options.
Commercial Edge reports the office complex is 97.4 percent leased with a weighted average lease term of more than nine years. Tenants include CBRE, LendingTree, Alston & Bird and Hartford Insurance.
The office complex at 1415 Vantage Park Drive and 1120 S. Tryon St. is the site of Centene’s former headquarters.
- ◦Sale/Acquisition
