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Atlanta & Southeast  + Southeast  + Office  |  December 7, 2020
David Cohen
By: David Cohen

Charlotte’s Railyard Office Building Trades for $201M

CBRE has brokered the $201 million sale of Railyard, a 296,392-square-foot office building in Charlotte’s South End submarket. The buyer was publicly-traded REIT Cousins Properties.

Located in the heart of Charlotte’s South End, the property is currently 97% occupied with a tenant roster that consists of Allstate, Ernst & Young, WeWork and Parsons Engineering. The building’s contemporary architectural design ties to Charlotte’s rail history. The RailYard is located in a transit-oriented area with nearby access to Charlotte’s community light rail.

Patrick Gildea, Matt Smith, Will Yowell, Grayson Hawkins and Brandon McMenomy of CBRE represented the seller, Beacon Partners in the transaction. The Charlotte-based firm developed the Railyard building starting in 2017 and completed the project in 2019.

For comments, questions or concerns, please contact David Cohen

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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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