{"id":1004271677,"date":"2018-10-15T22:13:59","date_gmt":"2018-10-16T06:13:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004271677"},"modified":"2022-12-08T16:47:05","modified_gmt":"2022-12-09T00:47:05","slug":"uptown-charlotte-office-building-receives-59m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/uptown-charlotte-office-building-receives-59m-refi\/","title":{"rendered":"Uptown Charlotte Office Building Receives $59M Refi"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004270891\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/300-South-Brevard.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004270891\" data-attachment-id=\"1004270891\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/uptown-charlotte-office-building-receives-59m-refi\/300-south-brevard\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/300-South-Brevard.jpg\" data-orig-size=\"640,480\" 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=\"300 South Brevard\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;300 South Brevard&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/300-South-Brevard.jpg?w=640\" class=\"wp-image-1004270891 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/300-South-Brevard.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/300-South-Brevard.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/300-South-Brevard.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004270891\" class=\"wp-caption-text\">300 South Brevard<\/p><\/div>\n<p>HFF has secured the refinancing of a roughly 359,000-square-foot, Class A office building in Uptown Charlotte, N.C. The team worked on behalf of the borrower, Stream Realty Partners, to arrange the four-year, floating-rate loan through PCCP. According to public records, the new loan amounts to $59.2 million.<\/p>\n<p>Located at 300 S. Brevard St., the 15-story asset is LEED Certified and recently underwent a comprehensive improvement program that focused on creating a collaborative, modern setting and improving the building\u2019s overall efficiency. Renovations included updates to the lobby, elevator tower and building facade, the addition of new ground-floor and lobby-level retail spaces as well as outdoor terraces and patios. Additionally, the property features a five-level, 552-space parking garage.<\/p>\n<h2>Well-connected location<\/h2>\n<p>Dubbed 300 South Brevard, the building is minutes from neighborhoods such as Dilworth, Myers Park, Eastover, South End and NoDa, and adjacent to the Lynx Blue Line\u2019s Third Street Station, within a block of the Charlotte Transit Center. The Charlotte Convention Center is close by and the NASCAR Hall of Fame is across the street. A covered walkway connects from 300 South Brevard to the Overstreet Mall, a network of skywalks providing access to numerous dining and retail options in Uptown.<\/p>\n<p>Senior Managing Director Travis Anderson, Senior Director Cory Fowler and Associate John Gavigan were part of the HFF debt placement team. The new mortgage replaces a $61 million loan originated by Citizens Financial Group in 2017, Yardi Matrix shows.<\/p>\n<p><em>\u201cStream has done a phenomenal job revitalizing an old, tired building into modern, sleek office space to attract the growing pool of talent in Charlotte,\u201d<\/em> Fowler said in prepared remarks. <em>\u201cWe believe Stream is positioned to take advantage of Charlotte\u2019s growth, which has seen a lot of success in the office sector, especially in Uptown,\u201d<\/em> Anderson added.<\/p>\n<p>Last month, HFF arranged the <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/\">refinancing of two Class A office buildings<\/a> in Rockville, Md. The team secured $36.5 million through EagleBank.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An HFF debt placement team represented the borrower in securing the four-year, floating-rate loan. PCCP provided the financing for 300 South Brevard.<\/p>\n","protected":false},"author":240,"featured_media":1004270891,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21825,21742,21747],"tags":[32792,32779,33053,33358,34950],"class_list":["post-1004271677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-finance","category-latest","category-office","tag-hff","tag-leed","tag-pccp-llc","tag-stream-realty-partners","tag-travis-anderson"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uptown Charlotte Office Building Receives $59M Refi - 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\/uptown-charlotte-office-building-receives-59m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uptown Charlotte Office Building Receives $59M Refi\" \/>\n<meta property=\"og:description\" content=\"An HFF debt placement team represented the borrower in securing the four-year, floating-rate loan. 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