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The Refinery office building Charlotte NC

“Pioneering” Office Property Trades in Charlotte’s South End

CBRE has arranged the sale of The Refinery, a 105,710-square-foot mixed-use office and retail building in Charlotte, for an undisclosed sum. The Refinery was developed in 2019 by Insite Properties in a partnership with Northridge Capital and is located at 1213 W. Morehead St. within Charlotte’s South End/Midtown submarket. 

CBRE’s Patrick Gildea, Matt Smith and Grayson Hawkins represented the seller. A CBRE Southeast Institutional Debt & Structured Finance Team lead by Harris Ralston and C.J. Kelly represented the undisclosed buyer in the debt financing. 

“Investor interest remains as strong as ever for high-quality, new construction assets in the Carolinas, particularly those with no near-term rollover risk,” said Gildea. “The Refinery was a pioneering development, which has become the ‘front-door’ to one of the most exciting emerging markets in Charlotte.” 

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CBRE’s Gildea

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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