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| Rexford Park I and II, two office buildings totaling 136,812 square feet in Charlotte, NC |
CHARLOTTE, NC – Holliday Fenoglio
Fowler, L.P. (HFF) announced that it has arranged $24.505 million in financing
for Rexford Park I and II, two office buildings totaling 136,812 square feet in
Charlotte, North Carolina.
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| Cory Fowler |
HFF worked on behalf of the borrower, a partnership between
Childress Klein and Gottesman Real Estate Partners, to secure the six-year,
floating-rate first lien financing through Atlantic Union Bank.
Loan
proceeds are being used to acquire, renovate and re-lease the buildings.
Rexford Park I and II is located at 2100 and 2115 Rexford
Road within SouthPark, one of Charlotte’s dominant Class A submarkets.
This location has excellent demographics with an average household income
exceeding $152,000 per year within one mile of the property and is within close
proximity to the affluent residential enclaves of Barclay Downs, Myers Park,
Foxcroft and Quail Hollow, where many local prominent business leaders
reside.
Additionally, Rexford Park has direct access to Interstate 77 as
well as a plentiful retail amenity base, including The Specialty Shoppes at
SouthPark, SouthPark Mall and the retail and dining offerings of
Morrison.
The borrower plans to do extensive renovations to the
properties, which includes new state-of-the-art interior common spaces, major
improvements to the exterior façade, and significant upgrades to building
systems.
HFF’s debt placement team was led by senior director Cory
Fowler.
CONTACTS:
CORY FOWLER
HFF Senior Director
(704) 526-2800
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
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