{"id":1004496541,"date":"2020-12-02T05:25:33","date_gmt":"2020-12-02T13:25:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004496541"},"modified":"2022-03-03T00:27:43","modified_gmt":"2022-03-03T08:27:43","slug":"charlotte-commercial-real-estate-roundup-november-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-roundup-november-2020\/","title":{"rendered":"Charlotte Commercial Real Estate Roundup \u2013 November 2020"},"content":{"rendered":"<div id=\"attachment_1004496553\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/325-Hawthorne-Lane.-Image-courtesy-of-Anchor-Health-Properties.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004496553\" data-attachment-id=\"1004496553\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/charlotte-commercial-real-estate-roundup-november-2020\/325-hawthorne-lane-image-courtesy-of-anchor-health-properties\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/325-Hawthorne-Lane.-Image-courtesy-of-Anchor-Health-Properties.png\" data-orig-size=\"800,620\" 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=\"325 Hawthorne Lane. Image courtesy of Anchor Health Properties\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;325 Hawthorne Lane. &lt;i&gt;Image courtesy of Anchor Health Properties&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/325-Hawthorne-Lane.-Image-courtesy-of-Anchor-Health-Properties.png?w=800\" loading=\"lazy\" class=\"wp-image-1004496553 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/325-Hawthorne-Lane.-Image-courtesy-of-Anchor-Health-Properties.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/325-Hawthorne-Lane.-Image-courtesy-of-Anchor-Health-Properties.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/325-Hawthorne-Lane.-Image-courtesy-of-Anchor-Health-Properties.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/325-Hawthorne-Lane.-Image-courtesy-of-Anchor-Health-Properties.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004496553\" class=\"wp-caption-text\">325 Hawthorne Lane. <i>Image courtesy of Anchor Health Properties<\/i><\/p><\/div>\n<p>Although Charlotte commercial real estate is facing headwinds, the metro is showing signs of resilience, owing to strong population growth, a diversified economy and the explosive growth of e-commerce in the wider region. A number of major industrial acquisitions closed during the past month, and the market\u2019s office sector also appears well positioned, even as <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-projects-under-construction-in-charlotte\/\">more than 5.2 million square feet<\/a> is under construction. Here\u2019s our November list of Charlotte must-knows:<\/p>\n<p><strong>1. DEAL \u2013 Clarion buys logistics portfolio for $201 million.<\/strong><\/p>\n<p>Developer Beacon Partners sold the <a href=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-buys-201m-charlotte-logistics-park\/\">1.9 million-square-foot Metrolina Park<\/a>, located 7 miles north of downtown Charlotte in the I-77 industrial corridor. The eight properties, constructed between 1996 and 2018, range from 135,105 to 495,950 square feet. Clarion Partners assumed a number of outstanding debts relating to the assets as part of the deal. JLL Senior Managing Directors Pete Pittroff and Travis Anderson led the team representing Beacon.<\/p>\n<p><strong>2. LEASE \u2013 Cushman &amp; Wakefield closes East Forest office lease.<\/strong><\/p>\n<p>The brokerage represented Community Alternatives in its 22,243-square-foot agreement at INQ @ 2401, a 162,372-square-foot office property at 2401 Sardis Road N. CBRE worked on behalf of the landlord, Mainstreet Capital Partners. The 1980s-era building, formerly a Super Kmart, was converted to office space in 2016, according to CommercialEdge data.<\/p>\n<p><strong>3. DEAL \u2013 GCP sells North Charlotte industrial property.<\/strong><\/p>\n<p>Exeter Property Group acquired the 464,947-square-foot asset at 10000 Twin Lakes Parkway for $27.6 million, according to <em>Charlotte Business Journal<\/em>. CommercialEdge further shows the deal was one component of a larger, $800 million portfolio disposition, involving a mix of industrial, self storage and hospitality assets across 11 markets. Exeter also assumed a $60 million MetLife loan from December 2017 alongside the acquisition.<\/p>\n<p><strong>4. DEAL \u2013 Anchor Health pays $50 million for medical office portfolio.<\/strong><\/p>\n<p>Novant Health <a href=\"https:\/\/www.commercialsearch.com\/news\/anchor-health-grows-charlotte-presence-with-50m-buy\/\">anchors the three buildings<\/a>, which total 97,000 square feet. Synovus Bank provided the buyer with acquisition financing for the off-market transactions. The largest property, a 36,000-square-foot asset at 325 Hawthorne Lane, has 12,000-square-foot floorplates, two elevators and covered parking. CommercialEdge shows the property is subject to a ground lease held by Novant Health.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clarion makes $201 million industrial buy. Health-care portfolio sells for $50 million. Check out our November selection of Charlotte must-reads.<\/p>\n","protected":false},"author":861,"featured_media":1004496553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21742],"tags":[48884,36946,37289,32790,35364,32796],"class_list":["post-1004496541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-latest","tag-thewrapup","tag-anchor-health-properties","tag-beacon-partners","tag-clarion-partners","tag-exeter-property-group","tag-jll"],"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>Charlotte Commercial Real Estate Roundup \u2013 November 2020 - 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\/charlotte-commercial-real-estate-roundup-november-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charlotte Commercial Real Estate Roundup \u2013 November 2020\" \/>\n<meta property=\"og:description\" content=\"Clarion makes $201 million industrial buy. Health-care portfolio sells for $50 million. 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