CNL Commercial Real Estate has won the leasing assignment for the 121 West Trade building in uptown Charlotte.
The 32-story office tower totals 330,000 square feet and is approximately 73% occupied. The largest tenant at 121 West Trade is Chicago Bridge & Iron Co., which occupies approximately 117,000 square feet, or about a third of the building, in a lease that expires in 2018.
The Dilweg Cos. acquired the building with Greenfield Partners in 2013 for $59.6 million.
CNL has been managing the…CNL Commercial Real Estate wins uptown leasing assignment
CNL Commercial Real Estate has won the leasing assignment for the 121 West Trade building in uptown Charlotte.
The 32-story office tower totals 330,000 square feet and is approximately 73% occupied. The largest tenant at 121 West Trade is Chicago Bridge & Iron Co., which occupies approximately 117,000 square feet, or about a third of the building, in a lease that expires in 2018.
The Dilweg Cos. acquired the building with Greenfield Partners in 2013 for $59.6 million.
CNL has been managing the…
Bell Partners Inc., the Greensboro-based apartment firm that recently sold a SouthPark complex for nearly $50 million, has purchased a 210-unit complex in south Charlotte for $50.5 million.
The company has acquired Hawfield Farms, an apartment community off Ardrey Kell Road, near the intersection of U.S. 521. Bell Partners has renamed the community Bell Ballantyne. The garden apartment complex property was formerly owned by a company controlled by MetLife and was 96% occupied at the time of sale.
The…
In the early 1990s, Rob Pressley didn’t believe in South End.
Pressley remembers standing with his father, Tony, at the corner of Tremont Avenue and South Boulevard in 1992. The elder Pressley was explaining his vision for the neighborhood and, more specifically, for Atherton Mill, the former cotton mill complex on South Boulevard.
Rob was working for a company that handled the environmental cleanup of contaminated properties and wasn’t particularly happy. His father had invited him to come…
A new grocery store may be in the works for a mixed-use development in the Ballantyne area.
York Development Group, working with executives at Red Ventures, is seeking a rezoning for the 13-acre Colinayre development at the southwest corner of Providence Road West and Johnston Road that would allow for a 29,896-square-foot grocery store in the middle of the site.
York Development Group has already started site work at the development, which will include a new office building for Bank of North Carolina,…
Greensboro-based general contractor Samet Corp. has relocated its Charlotte office to the Carnegie X building in SouthPark, taking 5,600 square feet in the building.
Samet was previously located at 1315 East Boulevard and has doubled its space with the move. The company has 43 employees in Charlotte, and Charles Blankinship, market development manager, says Samet needed additional space as its business continues to grow.
Samet is the 13th largest Charlotte-area general contractor, according to…
It’s been nearly 10 years since home builders have been this confident about the housing market.
The Housing Market Index, which is based on a survey by the National Association of Home Builders, rose 1 point to 61 this month, its highest level since November 2015. Builders were asked about current sales of new single-family houses, sales expectations for the next six months, and traffic of prospective buyers. Two components — current sales and buyer traffic — were up, while sales expectations…
Parkway Properties has signed a deal with Google Fiber Inc. to bring gigabit-speed Internet service to many of its office properties in Charlotte, Atlanta and Austin. The Orlando, Fla.-based real estate investment trust owns the Hearst Tower and NASCAR Plaza buildings in uptown Charlotte.
“The implementation of Google Fiber reinforces Parkway’s commitment to offering our customers a state-of-the-art technology platform,” said Joel Anderson, Parkway vice president and director of information…
A Los Angeles-based real estate investment firm has made its second apartment acquisition along Providence Road, where it now owns nearly 600 units.
Investors Management Group recently bought the 98-unit Laurel Walk Apartments, near the intersection of Providence Road and International Drive, for $7.38 million.
The property is adjacent to the Lynden Square apartment complex, a 476-unit property that IMG purchased in April for $37 million.
IMG specializes in value-added acquisitions of properties…
Greensboro-based Bell Partners Inc. has sold the 214-unit Bell Morrison apartment complex in SouthPark.
The Connor Group, a real estate investment firm based in Ohio, bought the property for $49.5 million. Renamed the SouthPark Morrison Apartments, it’s the sixth apartment property that Connor has acquired in Charlotte in recent years.
Bell Partners purchased the Morrison property from Madison Marquette in 2012 for $33.3 million. The complex, at the intersection of Colony and Sharon roads, was…