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| Capitol Towers, Charlotte, NC |
CHARLOTTE, NC –– HFF announces the sale of Capitol Towers, a
state-of-the-art property featuring two newly constructed 10-story office
towers totaling 477,704 square feet in Charlotte, North Carolina.
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| Sara Hogan |
Preferred Office Properties will be retaining Lincoln Harris for leasing and property management at Capitol Towers. Campbell Walker and Sara Hogan will continue to lease the property for the Lincoln Harris team.
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| Campbell Walker |
Capitol Towers is one of Charlotte’s premier office assets featuring
high-quality new construction, best-in-class tenant buildouts and a prestigious
SouthPark location.
Completed in 2015 and 2017, the property comprises two 10-story office buildings, a retail building housing Legion Brewing Company, a medical office building that is fully leased to Novant Medical Group, the upscale SouthPark Grill restaurant and a seven-level parking deck.
The LEED Gold property features a market-leading amenity package including a state-of-the-art fitness center, locker rooms with showers, an executive conference room, a co-working suite and a shared kitchen area.
Capitol Towers
is 88.5 percent leased and features an impressive tenant roster anchored by
investment grade tenants such as Albemarle Corporation; Citizens Bank, N.A.;
Sterling Capital Management LLC; Dixon Hughes Goodman LLP, and JPMorgan Chase
Bank, N.A.
Completed in 2015 and 2017, the property comprises two 10-story office buildings, a retail building housing Legion Brewing Company, a medical office building that is fully leased to Novant Medical Group, the upscale SouthPark Grill restaurant and a seven-level parking deck.
The LEED Gold property features a market-leading amenity package including a state-of-the-art fitness center, locker rooms with showers, an executive conference room, a co-working suite and a shared kitchen area.
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| Ryan Clutter |
“Capitol Towers was a sought-after investment opportunity drawing
significant interest from numerous institutional investors as well as foreign
capital sources,” Clutter commented.
“The high quality of the real estate, coupled with the exceptional credit and lease term in the rent roll, was very appealing to investors.”
“The high quality of the real estate, coupled with the exceptional credit and lease term in the rent roll, was very appealing to investors.”
“The sale of these assets continues the longer-term trend of Charlotte and
the Carolinas continuing to attract new and notable investment capital to the
market,” Clutter added.
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| Scott Humphrey |
Lincoln Harris, together with Lincoln Property
Company, provides clients with a national platform and unparalleled
institutional resources, including commercial real estate development,
investment and property management.
Based in Charlotte, Lincoln Harris takes great pride in its reputation as one of the region’s most accomplished full-service commercial real estate companies. Lincoln Harris’ multi-disciplinary team has a long history of working through complex transactions and adopting innovative approaches to real estate problems.
The firm takes pride in developing and implementing comprehensive national real estate programs for its clients and cultivating a sense of trust in the communities they serve and the individual transactions they service.
To learn more about Lincoln Harris
properties and services,
Based in Charlotte, Lincoln Harris takes great pride in its reputation as one of the region’s most accomplished full-service commercial real estate companies. Lincoln Harris’ multi-disciplinary team has a long history of working through complex transactions and adopting innovative approaches to real estate problems.
The firm takes pride in developing and implementing comprehensive national real estate programs for its clients and cultivating a sense of trust in the communities they serve and the individual transactions they service.
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| Chris Lingerfelt |
HFF and its affiliates operate
out of 26 offices and are a leading provider of commercial real estate and
capital markets services to the global commercial real estate industry.
HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).
For more information, please visit hfflp.comor follow HFF on Twitter @HFF.
HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).
For more information, please visit hfflp.comor follow HFF on Twitter @HFF.
RYAN CLUTTER
NC Lic. #172952 |
| Zack Drozda |
HFF Senior Managing Director
(704) 526-2800
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
Lincoln Harris Senior Vice President
(704) 714-7690
Sara Hogan
Lincoln Harris Vice President
(704) 714-7604
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