Sunday, April 24, 2016

HFF secures $44.159 million financing for 121 West Trade Street in Charlotte, NC

121 West Trade Street, Charlotte,NC
CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $44.159 million in financing for 121 West Trade Street, a 32-story, 330,483-square-foot, Class A office building in Charlotte, North Carolina.

HFF worked on behalf of the borrower, LPC Realty Advisors I, LP, an affiliate of Lincoln Property Company, to secure the five-year, floating-rate loan through MetLife Investment Management.

 Initial proceeds of $36.1 million were used for post-close acquisition financing, while the remainder will be used for future capital costs. 

HFF brokered the sale of the property to LPC Realty Advisors I, LP, in December of 2015.

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. 

Susan Hill
 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 debt placement team representing the borrower was led by senior managing directors Travis Anderson and Susan Hill and associate director Cory Fowler.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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