Monday, May 23, 2016

HFF closes $21.5 million sale of two Charlotte, NC call center/light industrial assets

Whitehall I and II Call Centers, Charlotte, NC
CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $21.5 million sale of Whitehall I and II, two call center/light industrial assets totaling 204,800 square feet in Charlotte, North Carolina. 

HFF marketed the property on behalf of the seller, Fort Properties, and procured the buyer, a joint venture between CIP Real Estate and CrossHarbor Capital Partners LLC.  

CIP Real Estate is an owner and manager of more than 800,000 square feet of industrial and flex product in five parks in Charlotte, including Charlotte Commerce Center and Coffey Creek International Business Center, which are in close proximity to Whitehall I & II.

Ryan Clutter
Whitehall I and II are located at 2915 and 2745 Whitehall Park Drive off of Interstate 485 and South Tryon Street in the southwest Charlotte submarket. 

The properties are part of the Whitehall development, a 700-acre community comprised of a technology park, corporate office park, light industrial park, retail district and several residential districts.

Tenants at the fully leased property include Xerox, Osram Sylvania, Burkert Contromatic Corporation and Treffert Coatings USA.

The HFF investment sales team representing the seller was led by senior managing directors Ryan Clutter and Christopher Norvell. 

"Whitehall I and II offered a compelling opportunity to the marketplace as the assets are best-in-class properties catering to a diverse base of office, warehouse, technology, and call center type users.  These assets are poised to continue to experience strong leasing demand and generate attractive investment returns," commented Clutter.

"The sale of Whitehall I and II is yet another data point signifying the strength and appeal of the Charlotte market to institutional investors.  The market continues to attract more and more investor interest as the city grows creating a favorable environment for sellers," added Clutter.

For a complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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