Charlotte
Yardi Matrix: Charlotte, A Hotspot for Deals
Charlotte’s multifamily market is thriving as a result of healthy demand, which has produced above-trend increases in rents and accelerated transaction volume and values.
Lincoln Harris, Crescent Communities Team Up in Charlotte
River District, a 1,300-acre master-planned community along the Catawba River, will focus on its natural surroundings.
PMG Trades Charlotte’s Midtown Crossing for $30M
After a year of ownership, Property Markets Group sold the 122,830-square-foot retail center to Bluejay Capital Management.
Charlotte’s Mallard Creed Center Changes Hands
CBRE brokered the sale of 259,786-square-foot Mallard Creek Center to Stream Realty Partners.
Charlotte’s Motor Speedway Commerce Center Trades for $11M
Purchased by Pegh Investments, the 180,000-square-foot Concord building changes hands, but remains in the NASCAR family.
JV to Deliver 367 KSF Industrial Park in Charlotte
By Laura Calugar Charlotte, N.C.—A partnership between real estate investment firms Foundry Commercial and Thackeray Partners recently announced the development of a 367,000-square-foot project in Charlotte’s Southwest submarket. The project will consist of two Class A warehouses, to be known as SteelePoint. The new industrial park will capitalize on dynamic market fundamentals, including single-digit vacancy, strong user demand and limited new supply. SteelePoint will be located near the intersection of Steele Creek Road and Westinghouse Boulevard. Foundry closed on four parcels totaling 25 acres from two different sellers, which will allow SteelePoint to offer access from both Steele Creek and…
HFF, Triad Close Sale of NC Office Portfolio
The two companies sold the four-building portfolio in the Greensboro area to a joint venture between CBL & Associates and a pension fund investor.
Lingerfelt CommonWealth Nabs SC Office Towers
The Richmond-based company purchased One Liberty Square and Two Liberty Square, a pair of office towers in downtown Greenville.
GKN’s NC Facilities Get $179M Boost
The auto technologies manufacturer plans to add a total of 302 jobs in Alamance, Catawba, Lee, Maiden and Person counties.
HFF Closes Sale, Arranges Financing for SC Bank of America Plaza
The commercial real estate provider closed $23 million sale of and assisted with $17 million financing for the Bank of America Plaza in Greenville.