Lincoln Harris is scheduled to close on its acquisition of more than 9 acres of uptown property used by The Charlotte Observer by the end of October, according to real estate records.
An affiliate of Charlotte real estate firm Lincoln Harris agreed to purchase the property in May, and the sale is expected to close on or before Oct. 31, records show. The property is owned by The McClatchy Co.’s pension fund. The site includes the 361,000-square-foot Observer building, which sits on 4 acres bordered…Lincoln Harris scheduled to close on Observer site by end of October
Lincoln Harris is scheduled to close on its acquisition of more than 9 acres of uptown property used by The Charlotte Observer by the end of October, according to real estate records.
An affiliate of Charlotte real estate firm Lincoln Harris agreed to purchase the property in May, and the sale is expected to close on or before Oct. 31, records show. The property is owned by The McClatchy Co.’s pension fund. The site includes the 361,000-square-foot Observer building, which sits on 4 acres bordered…
CapRidge Partners, a commercial real estate firm based in Austin, Texas, has purchased the Carmel Park office park in south Charlotte for $23 million.
The two buildings total 170,128 square feet and are located near the intersection of Carmel Road and Pineville-Matthews Road, behind the Carmel Commons shopping center. The buildings are 80% leased to tenants including Pulte Group, Gentiva Health Services, M3 Engineering and Commercial Defeasance, LLC.
It’s the first acquisition in Charlotte for…
A real estate investment fund managed by Brackett Flagship Properties of Charlotte has made its fourth investment in the Triangle region in as many months.
Brackett Flagship's Flagship Healthcare Real Estate Fund has paid $6.9 million for the three-story Wesvill Medical & Professional Building at 2304 Wesvill Court, across from Rex Hospital in west Raleigh, according to county documents. The fund had already acquired the 29,000-square-foot Triangle Medical Center building on Ashville Avenue in Cary…
Stream Realty Partners has acquired the AT&T Plaza building in uptown Charlotte for $45.5 million and is planning major renovations for the property.
The Charlotte Business Journal reported earlier this summer that Stream was under contract to purchase the building.
Stream’s planned renovations include a new building facade, redesigned entrances facing Brevard Street and the adjacent light-rail station, new lobbies and restrooms, and new retail and tenant amenities.
AT&T Inc. (NYSE:T) is vacating…
Beacon Partners has signed a couple of sizeable leases at its InnerLoop North industrial project in north Charlotte.
Lowe’s Companies Inc. has signed a lease for 115,500 square feet at the larger, 307,761-square-foot InnerLoop building, and JD North America Corp. signed a lease for 60,000 at the 107,780-square-foot building, bringing it to full occupancy. Bridgestone signed a lease there for 50,000 square feet earlier this year.
InnerLoop North is located on roughly 35 acres on David Cox Road,…
Cousins Properties and Dimensional Fund Advisors are targeting a prominent site in South End for DFA’s East Coast regional headquarters.
The two firms are planing to build DFA’s facility on a triangular, 2.3-acre assemblage in South End bounded by South Tryon Street, Camden Road and Park Avenue, according to real estate sources. The property is currently home to businesses including The Common Market and also hosts the weekly Food Truck Friday event at the corner of Park and Camden.
Cousins…
The Bissell Cos. has started work on a new, speculative 10-story office building at Ballantyne Corporate Park that is expected to deliver in November of 2016.
The Brigham building, named in memory of Dr. Craig Brigham, will total 287,507 square feet and will be located on North Community House Road, where the park’s helipad is currently located, next door to the Calhoun building. It will match the Gragg and Woodward buildings, which are now occupied by MetLife Inc. Bissell started those two buildings…
FullCapitalStack, a Charlotte real estate crowfunding platform, has completed a $1.7 million equity raise for a 27-unit townhome development in SouthPark.
Earlier this summer I wrote about Saratoga Asset Management’s plans to raise equity for the SouthPark City Homes project by working with FullCapitalStack, which was launched in January by QuietStream Financial. The firm listed Saratoga’s deal on its site, offering accredited investors the opportunity to make investments in the project starting…