Charlotte’s Rotunda Building Trades for $42M

HFF arranged $42.4 million in acquisition and improvement financing for the Rotunda Building, a 230,790-square-foot office building in Charlotte, NC’s SouthPark submarket. Philadelphia-based Equus Capital Partners, Ltd. acquired the Class A, multi-tenant asset from an undisclosed global asset manager.

The 91%-leased Rotunda Building is considered one of Charlotte’s trophy office buildings. Completed in 1988, the four-story building features a two-story porte cochère and lobby with Italian marble, Village Tavern restaurant and a water fountain spanning the entire rear of the building.

Situated on 5.34 acres at 4201 Congress St., the iconic asset is located at Congress Street and Carnegie Boulevard, adjacent to the 1.6 million-square-foot SouthPark Mall.

HFF’s Ryan Clutter, Scot Humphrey and Chris Lingerfelt represented the seller. HFF’s Brent Bowman and Travis Anderson worked on behalf of the new owner to place the floating-rate acquisition loan with Bank of America Merrill Lynch.

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Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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