Durham real estate investment group The Dilweg Cos. has sold a pair of office buildings in Charlotte's SouthPark market for $46.5 million. The sale price was a 39% premium over the $33.5 million that Dilweg paid in 2013 for the Class A office buildings in 2013.
The two buildings, the 10-story One SouthPark Center and the five-story Two SouthPark Center offices on Piedmont Row Drive, were 96% and 95% occupied, respectively, at the time of the deal. Engineering construction company Fluor is an anchor…Dilweg scores big real estate win with $46M sale of Charlotte buildings
Durham real estate investment group The Dilweg Cos. has sold a pair of office buildings in Charlotte's SouthPark market for $46.5 million. The sale price was a 39% premium over the $33.5 million that Dilweg paid in 2013 for the Class A office buildings in 2013.
The two buildings, the 10-story One SouthPark Center and the five-story Two SouthPark Center offices on Piedmont Row Drive, were 96% and 95% occupied, respectively, at the time of the deal. Engineering construction company Fluor is an anchor…
Pamlico Investments Inc., a Colorado-based development firm that specializes in self-storage properties, is planning a mixed-use project featuring retail, office and enclosed self-storage at the intersection of East 10th Street and Seigle Avenue.
Pamlico is seeking rezoning approval for a 1.4-acre site at the southwest corner of the intersection, just outside of I-277, to build a facility of up to five stories in height and up to 150,000 square feet in size. The site includes some undeveloped parcels…
U.S. Bank has leased the fourth floor of South Tryon Square, taking 24,124 square feet at the uptown Charlotte office building.
A spokesman says the space will be occupied by up to 75 current employees and new hires in the company's enterprise financial crimes compliance division, which is headed by Lisa Grigg.
The Minneapolis-based bank (NYSE:USB) last expanded here in late 2014, when it leased the 35th floor of the Hearst Tower uptown, bringing its total footprint there to 81,424 square feet.…
Peak Ridge Capital Group, an investment firm based in Boston, has purchased the Forest at Chasewood apartments off Monroe Road for $12.8 million.
The seller, Chapel Hill-based Eller Capital Partners and its affiliate, PEG Capital Management, purchased the 220-unit complex in 2013 for $8.3 million, rebranded it and began a capital improvement and operations plan.
“The Forest at Chasewood is located in an area of Charlotte that has undergone significant revitalization over the last few years,”…
A real estate investment trust managed by KBS has closed on its $147 million purchase of the Carillon office tower in uptown Charlotte.
KBS Real Estate Investment Trust III purchased the 24-story, 476,308-square-foot building from real estate firm Hines. As of Dec. 10, the Carillon building was 92% leased to 46 tenants with a weighted-average remaining lease term of 5.1 years, according to KBS, which said last year it was under contract to buy the office tower.
The Kessler Collection, a Florida-based…
Waterton Associates, a Chicago-based real estate investment firm, has purchased the Addison Park apartment complex in north Charlotte for $51.9 million.
The 426-unit complex is located on Hackberry Creek Trail, off W.T. Harris Boulevard.
The seller of the complex, real estate investment management firm Heitman, purchased Addison Park in 2010 for $33.3 million.
Waterton focuses on U.S. multifamily and hospitality properties and has invested more than $5.3 billion since it was founded in 1995. The…
Challenging work assignments, an inclusive culture and managers who coach matter more to women in real estate than formal women’s programs and training, according to research by the Urban Land Institute on the current state of women in the industry.
The findings by the ULI Women’s Leadership Initiative were shared today at a ULI luncheon and illustrated the dearth of women leaders at the top of real estate companies, particularly larger organizations. Women make up 25% of ULI’s membership…