National + North Carolina + Office | August 23, 2019

Highwoods Properties to Acquire Bank of America Tower in Charlotte for $436M

Raleigh-based Real Estate Investment Trust Highwoods Properties is under contract to acquire Bank of America Tower, a 33-story, 841,164-square-foot office tower in Charlotte for $436 million.

Located at 620 S. Tryon St., the building is anchored by Bank of America Corp. and was developed by Lincoln Harris and Goldman Sachs. Bank of America leases approximately 600,000 square feet at the building. Additional tenants at the 90% leased tower include law firm Parker Poe and KPMG.

The tower is the first part of a 10-acre mixed-use project called Legacy Union being spearheaded by Legacy Union. The site was the former home of the Charlotte Observer building. The project also includes an 18-story office building anchored by consulting firm Deloitte and a 23-story tower that will be occupied by Honeywell.

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen

Connect

Inside The Story

Connect With HighwoodsConnect With Lincoln Harris

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.