New England Investment Properties purchased the 342,162-square-foot 121 W. Trade Street building for $32 million. The Charlotte Business Journal reports that’s less than half what it previously sold for in 2015. Lincoln Property Co. acquired the tower for $71.6 million…
MDH Partners recently wrapped up work on the Northcross Commerce Center Phase II in the Huntersville neighborhood of Charlotte. Phase II features two Class-A industrial facilities totaling approximately 254,000 square feet. MDH Partners secured $23.3 million in financing from TD Bank…
Levine Properties, Northwood Ravin and Horizon Development Properties are working together on a $500 million redevelopment of the former Providence Square shopping center (photo). The total site encompasses 113 acres at the intersections of Old Providence and Providence roads and Sardis…
Lion Real Estate Group acquired a two-property, 208-unit apartment portfolio in Charlotte that was rebranded as Creekside Canopy. The acquisition expands the firm’s Charlotte market presence to three assets and was made on behalf of Lion’s Fund III investment vehicle. The properties…
KHP Capital Partners plans to convert the historic Johnston Building into a 245-room hotel. To be called The Beckwith Hotel, the 100-year-old, 17-story office tower at 212 S. Tryon St. will be gutted and whats renovated will be designed by…
Two heavyweight apartment investors have spent over $183 million gobbling up Charlotte commercial real estate. St. Regis Properties acquired Crown of Queen City near uptown from Kohlberg Kravis & Roberts (KKR) for $88 million in February 2021. The Charlotte Business…
Digital Realty completed the purchase of 155 acres at 12899 Moores Chapel Road in Charlotte to build a data center. The company bought the site from The Keith Corp. for $160 million. Digital Realty is headquartered in Austin, Texas, and…
The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte. The Fallon Co. paid $7 million for the site in December 2022. Axiom Architecture is the project architect and designer….
Cousins Properties purchased Vantage South End, a 639,000-square-foot office complex in Charlotte, for $328.5 million. The sellers were Invesco Real Estate and The Spectrum Cos. The duo completed the two-building campus in 2021 and 2022. Rodgers Buildings was the general…
MAA sold the 216-unit South Tryon Apartments in Charlotte for $41.8 million. The buyer was McDowell Properties. Northmarq’s team of Andrea Howard, Allan Lynch, John Currin, Caylor Mark, Jeff Glenn and Austin Jackson represented MAA. Northmarq’s Howard added, “With over 20 years of institutional ownership by MAA,…
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