Bridge Acquires $59M Office Park in Charlotte
- Dec 13, 2017
Bridge Office Fund Manager, an affiliate of Bridge Investment Group, has acquired the Harris Corners Corporate Park in Charlotte, N.C. The company purchased the three-building, Class A office portfolio from New Boston Fund for $58.5 million, in which the sale was funded by a $41.9 million loan held by KeyBank, Yardi Matrix data shows.
Totaling 358,000 square feet, the corporate park was constructed between 2000 and 2006, with the three buildings offering four to five stories and floorplates ranging from 24,000 to 27,000 square feet. Located at 9115, 9300 and 9335 Harris Corners Parkway, the portfolio offers close access to interstates 77 and 485 loop, as well as nearby retail including Northlake Mall, Perimeter Woods and Northcrest Shopping Center.
“Harris Corners is an exceptionally high-quality portfolio that is one of the most visible, and accessible, Class A office buildings in suburban Charlotte,” said Jeff Shaw, principal with Bridge Office Manager & CEO of Bridge Commercial Real Estate, in prepared remarks. “Bridge intends to invest heavily into additional amenities, such as on-site training facilities and collaborative interior and exterior environments to compliment the new onsite health club, food service, and common area upgrades.”
Dunn Mileham and David Morris of Trinity Partners represented the seller. Bridge Commercial Real Estate will handle property management duties.
Image courtesy of Yardi Matrix