JLL has been retained as the Owner’s exclusive representative in the offering for sale of the fee simple interest in a seven property portfolio located in the thriving Airport sub-market of Charlotte, North Carolina. Encompassing a total of 434,411 square feet at 84.20% occupancy, the seven assets within this portfolio are Charlotte Park I, Charlotte Park II, Charlotte Park III, Airport Plaza, English Oak. Twin Oak I and Twin Oak II.
The current owner acquired these seven assets within a larger ten property portfolio sale from two separate entities, involving three separate transactions, between January 2011 and February 2013. At the time of acquisition, the individual assets ranged from 88% occupancy to fully vacant, with a collective average occupancy of less than 33%.
These seven office buildings represent an opportunity for an investor to acquire a critical mass of assets within the established Airport sub-market of Charlotte, North Carolina, and the ability to actualize rent growth and enhanced occupancy given the robust leasing momentum currently underway throughout Charlotte’s office market.
- 7 asset portfolio
- 434,411 total s.f.
- 84.20% occupied
- Located in the Airport submarket