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National  + North Carolina  + Office  | 

Charlotte Office Property Trades for $102M

Charlotte-based South Street Partners has acquired Coliseum Centre III, V and VI, three office buildings totaling 511,344 square feet in Charlotte. The sales price was $102 million.

Located at 2550 W. Tyvola Rd., and 2810 and 2815 Coliseum Dr., the properties were built between 1996 and 1988 and are collectively 87% occupied. Amenities at the properties include on-site dining options, three fitness centers, a conference facility, three large boardrooms, training facilities with adjacent tenant WiFi lounge and a shared collaboration area.

Ryan Clutter, Chris Lingerfelt and Zack Drozda of JLL represented the seller, America’s Capital Partners, in the transaction. Additionally, Travis Anderson and Taylor Allison of JLL secured a four-year, floating-rate acquisition loan on behalf of South Street Partners through lender Brookfield.

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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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