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| 605 Lexington Avenue., a newly constructed, fully leased, 18,282-square-foot, Class A office property in a highly sought-after location in Charlotte’s South End/Midtown submarket. |
CHARLOTTE, NC – JLL Capital Markets announced it has closed the $8.275 million sale of 605 Lexington Ave., a
newly constructed, fully leased, 18,282-square-foot, Class A office property in
a highly sought-after location in Charlotte’s South End/Midtown submarket.
 |
| Christopher Lingerfelt |
605 Lexington is situated on .785 acres along the tree-lined Lexington Avenue in the fastest-growing and tightest submarket in Charlotte, South End/Midtown.
The
property’s transit-oriented location is two blocks from the Carson Boulevard
light rail station and the Charlotte Rail Trail, allowing easy access to public
transit and walking distance to some of the most populated residential areas in
South End, Uptown and Dilworth.
Completed
in the summer of 2019, the three-story 605 Lexington Ave. features a brick and
glass façade and innovative modern design along with best-in-class tenant
buildouts, lobby, floor-to-ceiling windows, creative meeting space, private
conference rooms, a private patio and executive offices.
Additionally,
the property has ample surface parking with a ratio of 3.0/1,000 RSF, which is
one of the highest parking ratios in the area.
 |
| Zack Drozda |
The JLL Capital Markets team representing the seller was led by
Senior Director Christopher Lingerfelt, Director Zack Drozda and
Senior Managing Director Ryan Clutter and Managing Director Hal
Kempson.
“605 Lexington was heavily pursued despite numerous headwinds
during these unique times,” Lingerfelt said. “This is a testament to an
exceptionally well-executed office development. 605 Lexington is poised to be a
strong performer for years to come.”
JLL
Capital Markets is a full-service global provider of capital solutions for real
estate investors and occupiers.
The firm's
in-depth local market and global investor knowledge delivers the best-in-class
solutions for clients — whether investment advisory, debt placement, equity
placement or a recapitalization.
 |
| Ryan Clutter |
The firm
has more than 3,700 Capital Markets specialists worldwide with offices in
nearly 50 countries.
About
Selwyn Property Group
Selwyn Property
Group is a leader in Southeastern industrial, office, retail
and infill residential asset management, acquisitions, development and
brokerage, which offers a proven track record of performance and public-private
cooperation, a growing real estate portfolio and more than 100 years of
combined industry experience.
Its
commercial real estate project experience is concentrated in the Carolinas,
Virginia and Georgia, where Selwyn Property Group’s partners have developed
properties in excess of over $1 billion and total more than 12 million square
feet.
 |
| Hal Kempson |
About JLL
JLL (NYSE: JLL) is a leading professional services firm that
specializes in real estate and investment management.
JLL
shapes the future of real estate for a better world by using the most advanced
technology to create rewarding opportunities, amazing spaces and sustainable
real estate solutions for our clients, our people and our communities.
JLL
is a Fortune 500 company with annual revenue of $18.0 billion, operations in
over 80 countries and a global workforce of more than 94,000 as of March 31,
2020.
JLL
is the brand name, and a registered trademark, of Jones Lang LaSalle
Incorporated.
CONTACT:
Kimberly
Steele,
JLL
Senior Associate
Public Relations
Phone: +1 713 852 3420
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