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| 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.
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| 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 | www.hfflp.com
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