{"id":1003786607,"date":"2008-04-07T12:00:00","date_gmt":"2008-04-07T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/04\/07\/north-carolina-business-park-portfolio-gets-40m-funding\/"},"modified":"2022-12-08T11:07:28","modified_gmt":"2022-12-08T19:07:28","slug":"north-carolina-business-park-portfolio-gets-40m-funding","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/","title":{"rendered":"North Carolina Business Park Portfolio Gets $40M Funding"},"content":{"rendered":"

CIP Real Estate and Alex Brown Realty Inc. have taken three business parks totaling approximately 600,000 square feet, thanks to $40.7 million of funding arranged by Buchanan Street Partners. The flex-industrial-office space is in the Charlotte, N.C. area. Buchanan Street was able to structure and secure a four-year, fixed-rate loan. \u201cThis transaction provided us the opportunity to leverage our relationships and secure financing for the CIP\/ABR venture to close on this portfolio in a tight lending market.\u201d Timothy Hawthorne, executive vice president of Buchanan Street, said in a statement. The portfolio encompasses three business parks, 87 percent leased, located in the Charlotte metropolitan area. The properties include: Coffey Creek International Business Center, a 22-building, 396,000-square-foot business park in Charlotte, N.C.; Hickory Grove Business Park, a 12-building, 110,000-square-foot business park in Charlotte; and Lake Norman Commerce Center, a seven-building, 92,000-square-foot business park in the adjacent city of Cornelius, N.C. CIP plans to lease-up the remaining vacancies and roll leases to higher market rents upon completion of $1.6 million in capital improvements to the business parks.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIP Real Estate and Alex Brown Realty Inc. have taken three business parks totaling approximately 600,000 square feet, thanks to $40.7 million of funding arranged by Buchanan Street Partners. The flex-industrial-office space is in the Charlotte, N.C. area. Buchanan Street was able to structure and secure a four-year, fixed-rate loan. \u201cThis transaction provided us the…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1003786607","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nNorth Carolina Business Park Portfolio Gets $40M Funding - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North Carolina Business Park Portfolio Gets $40M Funding\" \/>\n<meta property=\"og:description\" content=\"CIP Real Estate and Alex Brown Realty Inc. have taken three business parks totaling approximately 600,000 square feet, thanks to $40.7 million of funding arranged by Buchanan Street Partners. The flex-industrial-office space is in the Charlotte, N.C. area. Buchanan Street was able to structure and secure a four-year, fixed-rate loan. \u201cThis transaction provided us the…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2008-04-07T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:07:28+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/\",\"name\":\"North Carolina Business Park Portfolio Gets $40M Funding - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"datePublished\":\"2008-04-07T20:00:00+00:00\",\"dateModified\":\"2022-12-08T19:07:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"North Carolina Business Park Portfolio Gets $40M Funding\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef\",\"name\":\"the Editors of Commercial Property Executive\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g\",\"caption\":\"the Editors of Commercial Property Executive\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/cpeadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"North Carolina Business Park Portfolio Gets $40M Funding - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/","og_locale":"en_US","og_type":"article","og_title":"North Carolina Business Park Portfolio Gets $40M Funding","og_description":"CIP Real Estate and Alex Brown Realty Inc. have taken three business parks totaling approximately 600,000 square feet, thanks to $40.7 million of funding arranged by Buchanan Street Partners. The flex-industrial-office space is in the Charlotte, N.C. area. Buchanan Street was able to structure and secure a four-year, fixed-rate loan. \u201cThis transaction provided us the…","og_url":"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2008-04-07T20:00:00+00:00","article_modified_time":"2022-12-08T19:07:28+00:00","author":"the Editors of Commercial Property Executive","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/","url":"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/","name":"North Carolina Business Park Portfolio Gets $40M Funding - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2008-04-07T20:00:00+00:00","dateModified":"2022-12-08T19:07:28+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/north-carolina-business-park-portfolio-gets-40m-funding\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"North Carolina Business Park Portfolio Gets $40M Funding"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef","name":"the Editors of Commercial Property Executive","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4a1f01b65b63f52e71ac6af809a4afbf3c978600fbf7dee759ae70950f9604c7?s=96&d=mm&r=g","caption":"the Editors of Commercial Property Executive"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/cpeadmin\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1003786607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1314"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1003786607"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1003786607\/revisions"}],"predecessor-version":[{"id":1004255681,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1003786607\/revisions\/1004255681"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1003786607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1003786607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1003786607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}