Dec
16

32 Story Charlotte Office Building Sold

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121-west-trade-ext-3868 emailHolliday Fenoglio Fowler, L.P. (HFF) has announced that it has closed the sale of 121 West Trade Street, a 32-story, 330,483-square-foot, Class A office building in Charlotte, North Carolina.

HFF marketed the property on behalf of the seller, a partnership controlled by The Dilweg Companies. LPC Realty Advisors I, LP, an affiliate of Lincoln Property Company, in conjunction with their local affiliate Lincoln Harris, purchased the asset on behalf of a pension fund client.

121 West Trade Street is situated in the heart of Charlotte’s downtown, within walking distance of nearly all of the city’s amenities and attractions including The EpiCentre, Spirit Square Center for the Arts, Discovery Space Center, Time Warner Cable Arena, the Levine Center for the Arts, and the new Gold Line streetcar system, connecting to the entire light rail system. The property has efficient connectivity to Interstates 277, 77 and 85, and is within 20 minutes of the Charlotte Douglas International Airport and 15 minutes from SouthPark, a popular Charlotte shopping destination. 121 West Trade Street’s largest tenant is Chicago Bridge & Iron. Additional tenants include SAS Institute, Caudle & Spears and Brookwood Associates. The property also features the Charlotte City Club on the top two levels and parking on levels two through nine.

The HFF investment sales team representing the seller was led by senior managing director Ryan Clutter.

 

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