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Atlanta & Southeast  + Carolinas  + Office  |  March 21, 2022
CBRE has brokered the $21-million sale of a Class A office building in Charlotte, NC to Praelium Commercial Real Estate.
Lisa McDuffie
By: Lisa McDuffie

Praelium Commercial Real Estate Services Acquires 85% Leased Charlotte Office for $21M

CBRE has brokered the $21-million sale of Three Resource Square, a 125,728-square-foot Class A office building in Charlotte, NC to Praelium Commercial Real Estate.

 Patrick Gildea, Matt Smith, Grayson Hawkins, Joe Franco and Stephanie Spivey of CBRE represented the seller, Taconic Capital Advisors. Harris Ralston and C.J. Kelly also of CBRE represented the Praelium in the debt financing.

Three Resource Square, located on David Taylor Drive, is 85% and anchored by Republic Services through 2026. The property’s location near Charlotte Douglas International Airport, the University of North Carolina Charlotte, Exit 45 on I-85 with an easy connection to I-485 and I-77, northern and northeastern submarkets, and southeastern and southern Charlotte meansproximity to a massive labor pool.

According to CBRE research, demand for creative office remains active in Charlotte. Nineteen projects totaling 6.1 million square feet are currently under development in the area at 56% preleased.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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