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Two 100-Year-Old Charlotte Buildings Trade for $24.7M
Beacon Partners sold the Fowler Building and the Boxer Building, two adaptive reuse projects in Charlotte built in the 1920s.
The Charlotte Business Journal reports Linden Thomas & Co. paid $14.7 million for the Boxer Building, at 1000 W. Morehead St. Beacon paid $7.3 million for the building in 2017. An affiliate of Brown Brothers Harriman bought the Fowler Building at 1447 S. Tryon St. for $10 million. Beacon paid $3.45 million for it in 2015.
The Boxer Building is a three-story, 40,000-square-foot office building built in 1927. It was renovated in 2000 for office use, then again in 2014. The Fowler Building, built in 1928, has 18,000 square feet of office space, with 5,000 still unleased.
Beacon says it has a passion for developing and acquiring quality properties, and loves the challenge of creating new industrial, office, and mixed-use projects or breathing new life into existing properties.
- ◦Sale/Acquisition
