Friday, May 24, 2019

HFF arranges $24 million financing for Rexford Park I and II in Charlotte, NC

Rexford Park I and II, two office buildings
 totaling 136,812 square feet in Charlotte, NC

CHARLOTTE, NC –  Holliday Fenoglio Fowler, L.P. (HFF) announced that it has arranged $24.505 million in financing for Rexford Park I and II, two office buildings totaling 136,812 square feet in Charlotte, North Carolina.

Cory Fowler
HFF worked on behalf of the borrower, a partnership between Childress Klein and Gottesman Real Estate Partners, to secure the six-year, floating-rate first lien financing through Atlantic Union Bank.  

Loan proceeds are being used to acquire, renovate and re-lease the buildings.

Rexford Park I and II is located at 2100 and 2115 Rexford Road within SouthPark, one of Charlotte’s dominant Class A submarkets.  

This location has excellent demographics with an average household income exceeding $152,000 per year within one mile of the property and is within close proximity to the affluent residential enclaves of Barclay Downs, Myers Park, Foxcroft and Quail Hollow, where many local prominent business leaders reside.  

Additionally, Rexford Park has direct access to Interstate 77 as well as a plentiful retail amenity base, including The Specialty Shoppes at SouthPark, SouthPark Mall and the retail and dining offerings of Morrison.  

The borrower plans to do extensive renovations to the properties, which includes new state-of-the-art interior common spaces, major improvements to the exterior façade, and significant upgrades to building systems.

HFF’s debt placement team was led by senior director Cory Fowler.


HFF Senior Director
(704) 526-2800

HFF Director, Public Relations
(617) 338-0990

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