Tuesday, February 10, 2015

HFF closes $60 million sale of Class A office tower in downtown Charlotte, NC


Ryan Clutter
CHARLOTTE, NC – HFF announced it has closed the $60 million sale of 525 North Tryon Street, a 405,134-square-foot, Class A office tower in downtown Charlotte, North Carolina.

                HFF exclusively marketed the property on behalf of the seller, Parkway Properties, Inc.  A joint venture between Grubb Properties and New York Life Real Estate Investors purchased the asset free and clear of existing debt.

                525 North Tryon Street is situated on 2.344 acres at the intersection of 9th and Tryon Streets four blocks from the center of Charlotte’s central business district and two blocks from the LYNX Blue Line rail station.

Located on site is a conference facility, café, upscale restaurant and 24-hour security surveillance. 

Tenants of the 19-story building include Bank of America, CohnReznick, HQ Global Workplaces, Amy Bagwell and TIN Partners.


525 North Tryon Street, Charlotte, NC
                The HFF investment sales team representing the seller was led by senior managing director Ryan Clutter and real estate analyst Zachary Drozda.

“525 North Tryon Street received significant interest from the marketplace further demonstrating Charlotte’s appeal to institutional investors,” said Clutter, who led the transaction for Parkway Properties, Inc. 

  “This asset was extremely sought after, illustrating the bullish views numerous capital sources have on the Charlotte market.” 


“The hyper-competitive nature of this marketing campaign coupled with the depth and quality of the institutional investors who pursued this asset clearly suggests favorable pricing for office buildings in Charlotte and throughout the Carolinas in the year ahead,” Clutter continued.






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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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