A company associated with Technology Partners Inc. has purchased a 36,878-square-foot office building in the Oak Hill business park for just over $3 million, and the technology firm plans to relocate its offices to the space next year.
Levy Partners II, a limited liability company managed by Jay Levy, purchased the Willow Oak building earlier this month from Adler Kawa Real Estate Advisors. Adler Kawa purchased four office buildings at Oak Hill last year for $16.6 million. The park is located off…Tech firm to relocate from SouthPark to Oak Hill business park
A company associated with Technology Partners Inc. has purchased a 36,878-square-foot office building in the Oak Hill business park for just over $3 million, and the technology firm plans to relocate its offices to the space next year.
Levy Partners II, a limited liability company managed by Jay Levy, purchased the Willow Oak building earlier this month from Adler Kawa Real Estate Advisors. Adler Kawa purchased four office buildings at Oak Hill last year for $16.6 million. The park is located off…
Two property owners have swapped real estate in South End, paving the way for a new development on South Tryon Street.
Late last month, two companies controlled by the Luski family purchased a .68-acre parcel at the intersection of South Tryon and West Catherine streets for $1.28 million. The seller of the property was 1100 South Tryon Real Estate Partners, the owner of the nearby 1100 South Tryon office building, which had used the site for overflow parking.
The Luski family also controls the…
OHM Hotels plans to break ground soon on a four-story Holiday Inn Express & Suites hotel at the Colinayre development in south Charlotte.
The 123-room hotel is expected to open in late 2016 at the mixed-use development, which is located at the southwest corner of Providence Road West and Johnston Road. Amenities at the hotel will include a business center, fitness center, outdoor swimming pool and 1,300 square feet of flexible meeting space, according to the Matthews-based hotel investment, development…
Childress Klein has a new investment partner at the LakePointe Corporate Center office park.
Artemis Real Estate Partners, a real estate investment firm based in Chevy Chase, Md., has formed a joint venture with Childress Klein to buy the LakePointe Corporate Center One and Two buildings for $37.5 million. The two six-story buildings, located off Tyvola Road, total 331,611 square feet and are 70% leased. Tenants at the two buildings include The Lash Group, AT&T, Shelco and Aerotek.
The joint venture…
Albemarle Corp., the specialty chemicals company that will relocate its headquarters to Charlotte in 2016, is negotiating a lease at Capitol Towers, the new office development by Lincoln Harris in SouthPark, according to real estate sources.
Currently headquartered in Baton Rouge, La., Albemarle is in talks to take up to two floors at the 10-story office tower, sources say.
Sam Pruitt of Site Selection Group, who is representing Albemarle Corp. along with Tripp Guin of Tripp Commercial, declines…
A pair of SouthPark office buildings have been listed for sale, and two more will be on the market soon.
The Dilweg Cos. recently listed the One and Two SouthPark Center buildings for sale with CBRE Group Inc., and Beacon Partners will be listing the two Fairview Center buildings for sale as soon as this week, also with CBRE.
Dilweg, a commercial real estate investment and development company based in Durham, purchased the SouthPark Center buildings in 2013 for $33.5 million. One SouthPark Center…
Although apartment construction in the Charlotte region continues to hit new highs, the vacancy rate for rental units in the market remains healthy and has actually dropped over the past six months while the average rental rate has increased, according to a new report.
The average vacancy rate for the Charlotte region stood at 5.7% in August, down from 6.7% in February but up slightly from 5.3% a year earlier, according to research firm Real Data, which publishes reports on the multifamily market…
Tech company AvidXchange is hosting a groundbreaking ceremony this afternoon for its new corporate headquarters building, which has grown dramatically in size from a year ago.
The company’s new building, which will be at the intersection of Hamilton Street and West 12th Street on the Music Factory campus, will now total six stories and just over 200,000 square feet, up from the 115,000 square-foot building planned last year.
Ark Ventures, which developed and owns the Music Factory, rezoned 21…
The Carolinas office of HFF Inc., the commercial real estate and capital markets firm, has been busy lately.
The company recently hired a group of capital markets professionals from Thalhimer and is marketing local properties for sale, including the First Citizens Bank Plaza building uptown as well as the Toringdon and Water Ridge office parks. HFF will also market the 121 West Trade Street building, one of three uptown office towers that are poised to hit the market soon.
Sales of Charlotte office…