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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.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition