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| Cameron Brown Building, 301 South McDowell Street, Downtown Charlotte, NC |
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| Brock Cannon |
CHARLOTTE, NC –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of the Cameron Brown Building, a 13-story,
184,144-square-foot, multi-tenant office building in downtown Charlotte, North
Carolina.
HFF marketed the property
on behalf of a special servicer, and procured the buyer, The Fallon Company, LLC.
Located at 301 South
McDowell Street, The Cameron Brown Building is situated in the re-surging
Second Ward of Uptown Charlotte within walking distance of many of Charlotte’s
most visible points of interest, including Bank of America’s headquarters,
Wells Fargo’s East Coast headquarters, Spectrum Arena and the Bank of America
Stadium.
The property has
exceptional transit access being located adjacent to Interstate 277 and only
four blocks from the 3rd Street/Convention Center light rail station.
The HFF investment sales
team representing the seller was led by senior managing director Ryan Clutter,
managing director Brock Cannon,
director Scot Humphrey and associate
director Chris Lingerfelt.
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| Scot Humphrey |
“The Cameron Brown
building is ideally positioned in Uptown Charlotte’s path of growth and is an
extremely sought-after piece of real estate that bridges that gap between
Midtown and Uptown,” Lingerfelt said. “These unique characteristics, among
others, generated significant demand from local and out-of-town capital alike.”
“Institutional capital
continues to aggressively seek value-add investment opportunities in strong
urban-infill submarkets like Uptown Charlotte,” added Clutter. “The Cameron
Brown building’s investment profile squarely fits this criteria, which helped
facilitate a hyper-competitive marketing campaign.
“We anticipate that a
strong selling environment will continue for assets of this nature for the
foreseeable future.”
For a complete copy of the company’s news release,
please contact:
Kristen
M. Murphy
Director, Public Relations
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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