
Charlotte’s Capitol Towers Claimed for $209M
Preferred Office Properties purchased Capitol Towers, two newly-constructed 10-story office towers totaling 477,704 square feet in Charlotte, NC from Lincoln Harris for $208.8 million.
Completed in 2015 and 2017, the SouthPark property comprises a retail building housing Legion Brewing Company, a medical office building that is fully-leased to Novant Medical Group, the upscale SouthPark Grill restaurant and a seven-level parking deck. The LEED Gold property features such amenities as a state-of-the-art fitness center, locker rooms with showers, an executive conference room, a co-working suite and a shared kitchen area.
The 88.5% leased property features a tenant roster anchored by Albemarle Corporation; Citizens Bank, N.A.; Sterling Capital Management LLC; Dixon Hughes Goodman LLP, and JPMorgan Chase Bank, N.A.
HFF’s Ryan Clutter, Scot Humphrey, Chris Lingerfelt and Zack Drozda represented the seller and procured the buyer.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition