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Atlanta & Southeast  + Carolinas  + Office  |  March 17, 2022
Shopoff Realty Investments, Praelium Commercial Real Estate and Singerman Real Estate, LLC, have acquired the Three Resources Square office in Charlotte, NC.
Lisa McDuffie
By: Lisa McDuffie

Trio of Partners Acquire Four-Story, 127K-SF Office Building in Charlotte

Shopoff Realty Investments, Praelium Commercial Real Estate and Singerman Real Estate, LLC, have acquired Three Resources Square, a four-story, Class A, 126,500-square-foot office building set on 13.62 acres in Charlotte, NC

The building on David Taylor Drive is currently anchored by investment-grade tenant Republic Services, Inc., with a market cap of $38.6 billion.

 “With a prime location, and an investment-grade tenant like Republic Services, we are confident this property will provide a solid investment for the partnership,” said Shopoff president and CEO William Shopoff.

“Charlotte continues to emerge as one of the strongest office growth markets in the country, having recently surpassed pre-pandemic total employment for the metro as well as the percentage of office workers accessing their physical workspace compared to the national average,” added Scott G. San Filippo, founding principal of Praelium Commercial Real Estate,

Shopoff, Praelium and SRE plan to perform value-add improvements to the property.

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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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