A real estate investment trust managed by KBS has agreed to purchase the Carillon office tower in uptown Charlotte, according to a securities filing.
The real estate investment trust, which is managed by KBS Capital Advisors, has agreed to buy the 476,308-square-foot building through a subsidiary for $147 million, according to the filing. The building, located at 227 West Trade Street, is owned by real estate firm Hines, which sold the Charlotte Plaza building earlier this year for $160 million.
KBS…KBS to buy uptown office tower for $147 million
A real estate investment trust managed by KBS has agreed to purchase the Carillon office tower in uptown Charlotte, according to a securities filing.
The real estate investment trust, which is managed by KBS Capital Advisors, has agreed to buy the 476,308-square-foot building through a subsidiary for $147 million, according to the filing. The building, located at 227 West Trade Street, is owned by real estate firm Hines, which sold the Charlotte Plaza building earlier this year for $160 million.
KBS…
Lincoln Property Company has purchased the 121 West Trade Street building in uptown Charlotte for $71.6 million.
Lincoln purchased the 32-story office tower, located at the intersection of Trade and Tryon streets, on behalf on an Illinois pension fund client. The seller of the building, The Dilweg Cos., acquired the building two years ago for $59.6 million.
“We have seen a recent surge of leasing activity at the building, underscoring the vibrancy of the uptown market, and we felt this was a…
MetLife Inc., the largest tenant at Ballantyne, is now also a major lender to the south Charlotte office park.
The Bissell Cos. has secured financing from MetLife Inc. for 2.5 million square feet of office space and two hotels at Ballantyne Corporate Park.
MetLife provided Bissell with $345.6 million in non-recourse, long-term fixed rate debt for the properties, which did not include MetLife’s two buildings at the park. MetLife opened the headquarters for its U.S. retail business at Ballantyne…
This week marked the opening of First Ward Park, a new 4-acre park located along Brevard Street between ImaginOn and UNC Charlotte’s center city building. Developed by Levine Properties and Mecklenburg County, the park is expected to anchor a larger mixed-use redevelopment of eight blocks owned by Levine in the First Ward neighborhood.
The county is scheduled to take ownership of the park later this month, with Levine swapping the park property in exchange for a county-owned block bounded by Eighth…
The construction of a planned 20-story hotel above the Carolina Theatre will occur simultaneously with renovations at the historic theatre, with both projects expected to start in mid-2016 and open in 2018, according to executives with Foundation for the Carolinas and Valor Hospitality Partners.
The nonprofit foundation announced yesterday that it had selected Valor to develop the 200-room hotel above the Carolina Theatre. The foundation will lease the air rights to Valor, generating a revenue stream…
The Foundation For The Carolinas has selected Valor Hospitality Partners to develop a 20-story, 200-room hotel above the Carolina Theatre.
The foundation will lease the air rights for the hotel to Valor, generating revenue for the nonprofit, which purchased the uptown property at the corner of Tryon and Sixth streets from the city for $1 in 2013. The hotel is expected to generate an estimated $1.4 million in tax revenue annually, according to the foundation, which will not invest in the hotel.
The…
Google Fiber has leased the historic Philip Carey building, last occupied by Dixie’s Tavern, in uptown Charlotte.
The company put up signs at the building today to coincide with the opening of First Ward Park, and Google Fiber is expected to move into the 12,000-square-foot space at the end of January, says Daniel Levine, head of Levine Properties, which owns the property. Google Fiber is currently working out of temporary space at the Transamerica Square building on North Tryon Street.
Earlier…