Nov
12

Charlotte’s Carmel Crossing Office Park Sold

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Vision Properties has closed on its $37.35 million acquisition of the three-building Carmel Crossing office park in south Charlotte.

The firm, headed by Fred Arena, is a spinoff of New Jersey-based Vision Equities that will focus on new office acquisitions along the East Coast, working as an operating partner alongside larger institutional investors.

Vision Properties purchased Carmel Crossing with an unidentified family office.

The Charlotte Business Journal reported this month that Vision was under contract to purchase Carmel Crossing, which totals approximately 326,000 square feet, from Parkway Properties.

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