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Key facts

Year Built 1990
Building Area
Land Area ()

Property description

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.

Investment highlights

  • 7 asset portfolio
  • 434,411 total s.f.
  • 84.20% occupied
  • Located in the Airport submarket
Last Updated Date: 01 Mar 2021
Brian Dawson
Brian Dawson
Senior Managing Director, Capital Markets
Taylor Allison
Taylor Allison
Director, Capital Markets

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Last Updated Date: 01 Mar 2021

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