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| 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.
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| 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.
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 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 | www.hfflp.com
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