{"id":1004260574,"date":"2018-08-28T04:26:56","date_gmt":"2018-08-28T12:26:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004260574"},"modified":"2022-12-08T18:20:38","modified_gmt":"2022-12-09T02:20:38","slug":"beacon-partners-lands-178-ksf-charlotte-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/beacon-partners-lands-178-ksf-charlotte-office-asset\/","title":{"rendered":"Beacon Partners Lands 178 KSF Charlotte Office Asset"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004260592\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/500-East-Morehead.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004260592\" data-attachment-id=\"1004260592\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/beacon-partners-lands-178-ksf-charlotte-office-asset\/500-east-morehead\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/500-East-Morehead.jpg\" data-orig-size=\"1000,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"500 East Morehead\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/500-East-Morehead.jpg?w=1000\" class=\"wp-image-1004260592 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/500-East-Morehead.jpg\" alt=\"500 East Morehead \" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/500-East-Morehead.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/500-East-Morehead.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/500-East-Morehead.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004260592\" class=\"wp-caption-text\">500 East Morehead<\/p><\/div>\n<p>Beacon Partners has purchased 500 East Morehead, a 178,336-square-foot, recently constructed Class A office building in Charlotte, N.C. An HFF team worked on behalf of the seller and also procured the buyer\u2014a Zurich North America member. The company\u2019s alternative investment adviser, Zurich Alternative Asset Management, represented the buyer in the transaction.<\/p>\n<p>Situated in the Morehead corridor and providing access to Uptown, Midtown, South End and Dilworth, the transit-oriented property is just two blocks from the Carson Boulevard light rail station and the Charlotte Rail Trail. Interstates 40 and 85 are nearby, granting access to other major thoroughfares. Completed last year, 500 East Morehead includes a fitness center, a shared executive conference room, three shared outdoor terraces, a 900-square-foot rooftop terrace and three ground-floor restaurants. The seven-story building also features a four-level parking deck.<\/p>\n<h2>Full occupancy<\/h2>\n<p>Elliott Davis, CB&amp;I, Lennar Multifamily Communities, Guggenheim Real Estate and Hood, Hargett &amp; Associates are among the tenants of the 100 percent leased asset.<\/p>\n<p><em>\u201cThis sale demonstrates that Charlotte is now pricing in line with other sought-after U.S. markets such as Austin and Denver. We believe pricing will continue to reset to new levels throughout the Carolinas as more and more institutional capital sources continue to target the region,\u201d&nbsp;<\/em>said HFF Senior Managing Director Ryan Clutter, in prepared remarks.<\/p>\n<p>Roy Rosenbaum, director of acquisitions, and Sean Bannon, managing director &amp; head of U.S. Real Estate, led the ZAAM team that represented the buyer. Clutter, Senior Director Scot Humphrey, Directors Chris Lingerfelt and Zack Drozda acted on behalf of the seller. In June, the same team assisted ROC III Fairlead Imperial Center and Crown Realty in the disposition of a&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/oa-development-acquires-31m-charlotte-office-portfolio\/\">four-building office complex in Raleigh-Durham<\/a>.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class A property&#8217;s tenant roster includes Elliott Davis, CB&amp;I, Lennar Multifamily Communities, Guggenheim Real Estate and Hood, Hargett &amp; Associates.   <\/p>\n","protected":false},"author":238,"featured_media":1004260592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21783,21742,21747],"tags":[37289,32792,37713],"class_list":["post-1004260574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-investment","category-latest","category-office","tag-beacon-partners","tag-hff","tag-zurich-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Beacon Partners Lands 178 KSF Charlotte Office Asset - 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\/beacon-partners-lands-178-ksf-charlotte-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beacon Partners Lands 178 KSF Charlotte Office Asset\" \/>\n<meta property=\"og:description\" content=\"The Class A property&#039;s tenant roster includes Elliott Davis, CB&amp;I, Lennar Multifamily Communities, Guggenheim Real Estate and Hood, Hargett &amp; 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