Exeter marketing office project in Charlotte, will start industrial building soon

Exeter Property Group is marketing a site in Charlotte's University City for a planned 250,000-square-foot office development called Creekside Corporate Center. And the Pennsylvania real estate investment firm expects to break ground in the next two weeks on a speculative 110,000-square-foot industrial building in Pineville, near the intersection of Westinghouse Boulevard and Interstate 485. Exeter has an option to purchase roughly 40 acres in University City at the intersection of David Taylor…

Land next to Waverly for sale as mixed-use development site

The owner of a 66-acre tract of land adjacent to the Waverly development in south Charlotte is marketing the property as a potential mixed-use development site featuring uses such as office, retail, apartments and townhomes. The land, located to the north and east of the Waverly site, is controlled by the Bahakel family, which also owns more than 210 acres that border Waverly to the south and east. John Culbertston of Cardinal Real Estate Partners, who is marketing the 66-acre parcel, says that…

Marketing firm leases historic West Morehead office building

Technekes, a business-to-business marketing firm, has leased the historic Grinnell Co. building at 1431 W. Morehead St. in Charlotte and plans to relocate to the 30,000-square-foot property this summer. Technekes currently leases space at 1927 S. Tryon St. and plans to consolidate its Charlotte and Research Triangle Park offices, relocating about 120 employees to the Grinnell building, says Eric Laster, CEO of general contractor Edifice, who owns the property. Laster purchased the then-unfinished…

Beacon purchases two industrial buildings for $8.6 million

Beacon Partners has purchased two industrial buildings off Westinghouse Boulevard for $8.6 million. The Charlotte firm bought a 105,600-square-foot building at 10708 Granite St. for $6.6 million and a 67,200-square-foot building at 9701 Brookford St. for $2 million. The Granite Street building will soon have a 25,600-square-foot vacancy. The deals add to Beacon's existing 2 million-square-foot industrial portfolio in southwest Charlotte. "Beacon continues to focus on growing our industrial portfolio…

Developer to build 24-unit luxury apartment complex in Dilworth

Mission Properties plans to start work soon on a 24-unit luxury apartment complex with underground parking at East Boulevard and Winthrop Avenue in Dilworth. Headed by Jason McArthur, the firm received approval for the development from the Historic District Commission last year. McArthur expects the project will take 10 to 12 months to complete. An affiliate of Mission Properties bought the vacant 0.32-acre site this week for $1.05 million. It had been occupied by a two-story apartment building…

Local company expanding, buys industrial building for $3.25 million

Jim Myers & Sons Inc. is expanding and plans to relocate to a 72,000-square-foot industrial building on Westinghouse Boulevard that it bought late last year for $3.25 million. The company specializes in municipal water and wastewater treatment equipment and systems and had outgrown its 42,000-square-foot facility on Nations Ford Road in Pineville. The new location at 5120 Westinghouse Blvd. is being renovated and will double the company's office space and provide additional manufacturing space as…

JLL to market Chiquita’s uptown headquarters space for sublease

Chiquita Brands International has hired JLL to sublease its headquarters space at the NASCAR Plaza building in uptown Charlotte. Chiquita, which plans to close the headquarters by year end, leases approximately 138,000 square feet on six floors in the 19-story building. It signed a 13-year lease for the space in 2012. Executives with the building's owner, Parkway Properties, have said Chiquita doesn't have any termination rights in its lease. It is the second-largest block of existing, contiguous…

Time Warner Cable building has a new owner

An affiliate of Gramercy Property Trust has purchased the Time Warner Cable building in southwest Charlotte for $18.2 million. The 113,600-square-foot building, on 13.5 acres on West Arrowood Road, is a call center, office and operations facility for Time Warner Cable (NYSE:TWC), which occupies 100% of the space. The seller was a limited liability company managed by The Prescott Group, a real estate firm based in New York that acquired the property in 2006 for $18.1 million. Patrick Gildea of…

Crescent confirms uptown Whole Foods, shares details on Stonewall mixed-use project

Crescent Communities has confirmed that Whole Foods Market will be the retail anchor for a mixed-use project on East Stonewall Street that will include 450 apartments units, up to two hotels and an additional 15,000 square feet of retail space. The 47,000-square-foot grocery store will be integrated into the planned apartment project at the uptown Charlotte site and will be immediately adjacent and connected to the light-rail line, with an entry point into the store from the Stonewall station. The…

Texas firm buys south Charlotte office building for $9.6 million

TriGate Capital, a real estate investment firm based in Dallas, has purchased the Quail Plaza office building in south Charlotte for $9.6 million. The five-story building is on Little Avenue, near the intersection of Carmel and Pineville-Matthews roads. The building totals 86,976 square feet and is 87 percent leased TriGate focuses on value-add investment opportunities where it can recapitalize and reposition properties, according to its website. The Quail Plaza building was sold by an affiliate…