CBRE Global Investors Snags $222M Charlotte Office Tower
- Jun 25, 2018
CBRE Global Investors has acquired 615 S. College, a newly completed trophy office tower in Charlotte’s Uptown submarket. According to public records, the asset traded for $222 million.
Portman Holdings developed the property, which is located at 615 S. College and comprises 375,865 square feet. The 18-story asset is currently 84 percent leased. Interstate 277 and the LYNX light rail line are located within close proximity to the building. The tower offers open floorplans, floor-to-ceiling glass windows, two-story balconies, 10-foot ceiling heights, panoramic views and a 1,456-space parking garage.
CBRE Senior Vice Presidents Anne Vulcano and Joe Franco will handle leasing for 615 S. College. CBRE will also provide property and construction management services for the building.
“We believe strongly in the Charlotte region, in particular the robust and growing Central Business District,” said Tom Kirby, senior director of Commercial Operations for CBRE Global Investors, in a prepared statement. “615 S. College’s building design offers an urban office environment that caters to today’s modern users, and the property fits perfectly into our client’s investment strategy of owning high-quality, core assets in A+ locations in growth markets. Uptown’s attractiveness, coupled with Charlotte’s overall success story with two decades of unprecedented population growth, make this property a very exciting investment for our client.”
In April, CBRE Global Investors acquired the 100,022-square-foot Towne Storage, a Class A office building in Portland, Ore.
Image courtesy of CBRE Global Investors