Jun
17

Charlotte’s Carmel Executive Park to be Sold

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A Florida real estate firm has agreed to purchase Carmel Executive Park, a six-building office complex in southeast Charlotte, from Pizzagalli Properties.

An affiliate of Adler Group is scheduled to close on the purchase of Carmel Executive Park before Sept. 1, and representatives of the Miami-based real estate firm were expected to visit the property and meet with tenants this week as part of their due-diligence efforts, according to a letter sent to tenants by Pizzagalli Properties earlier this month.

Fred Johnston, a senior vice president with Pizzagalli, confirms the agreement with Adler but declines to discuss the negotiated sales price for the park, which is at the intersection of Carmel and Pineville-Matthews roads.

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