{"id":1004138081,"date":"2016-03-01T07:59:24","date_gmt":"2016-03-01T15:59:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004138081"},"modified":"2020-05-12T03:46:58","modified_gmt":"2020-05-12T11:46:58","slug":"hff-leads-sale-of-charlotte-office-asset-resource-square-five","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\/","title":{"rendered":"HFF Leads Sale Of Charlotte Office Asset Resource Square Five"},"content":{"rendered":"

Charlotte, N.C.<\/strong>\u2014HFF<\/a> recently announced that is has closed the sale of a five-story Class A office building in Charlotte. HFF represented a fund managed by DRA Advisors LLC<\/a> in the sale of Resource Square Five to the Dilweg Cos<\/a>.<\/p>\n

\"Resource<\/a>

Resource Square Five<\/p><\/div>\n

Located at 10715 David Taylor Drive, the recently sold Resource Square Five is situated on 12.2 acres within the five-building Resource Square office park. The 152,452-square-foot office building is placed conveniently to the Interstate 85 corridor and less than one mile from the ongoing Blue Line extension.<\/p>\n

Completed in 2000, Resource Square Five is the newest building in the office park and was 92.4 percent leased at the time of the sale, primarily to the IRS. The property\u2019s amenities include an exercise facility with showers and locker rooms and onsite parking for 677 vehicles.<\/p>\n

Ryan Clutter, senior managing director, led the HFF investment sales team representing the seller.<\/p>\n

\u201cResource Square Five is a high-quality asset located in the thriving University Area submarket of Charlotte, which now has its lowest office vacancy rate in over 15 years,\u201d said Clutter in prepared remarks. \u201cWith the market really tightening up and rents growing in the area, investors were attracted to the potential to achieve compelling investment returns with the asset.\u201d<\/p>\n

\u201cInstitutional capital continues to find Charlotte and the Carolinas an attractive market to invest their capital, and we believe this trend will continue throughout 2016,\u201d added Clutter.<\/p>\n

The acquisition reflects the Dilweg Cos.’ plans to expand its portfolio in the Southeast. The company has sponsored more than $890 million in assets and more than 9 million square feet throughout North Carolina, South Carolina, Virginia and Georgia since 1999.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Dilweg Cos. acquired the five-story Class A office building in a deal facilitated by HFF, as part of the company’s plan to expand in the Southeast.<\/p>\n","protected":false},"author":1269,"featured_media":1004138082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21742,21747],"tags":[],"class_list":["post-1004138081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-latest","category-office"],"acf":[],"yoast_head":"\nHFF Leads Sale Of Charlotte Office Asset Resource Square Five - 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\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Leads Sale Of Charlotte Office Asset Resource Square Five\" \/>\n<meta property=\"og:description\" content=\"The Dilweg Cos. acquired the five-story Class A office building in a deal facilitated by HFF, as part of the company's plan to expand in the Southeast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\/\" \/>\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=\"2016-03-01T15:59:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T11:46:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Resource-Square-Five.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1144\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"HFF Leads Sale Of Charlotte Office Asset Resource Square Five\",\"datePublished\":\"2016-03-01T15:59:24+00:00\",\"dateModified\":\"2020-05-12T11:46:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\\\/\"},\"wordCount\":287,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/Resource-Square-Five.jpg\",\"articleSection\":[\"Charlotte\",\"Deals\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-leads-sale-of-charlotte-office-asset-resource-square-five\\\/\",\"name\":\"HFF Leads Sale Of Charlotte Office Asset Resource Square Five - 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