Tuesday, March 19, 2013

TIAA-CREF Completes $75M Sale of Charlotte Bus. Park




National Commercial Real Estate News From CoStar Group





TIAA-CREF Completes $75M Sale of Charlotte Bus. Park



TIAA-CREF finalized its trade of LakePointe Office Park, a seven-building complex in Charlotte, NC, for $75 million or $110 per square foot. Archon Group, an affiliate of Goldman Sachs, was the buyer.

The 678,799-square-foot business complex was built between 1994 and 2000 and was 87 percent leased at the time of sale. The properties range from 20,543 to 145,915 square feet in office space. The Vanguard Group, MIDREX Enterprises, SunTrust Bank...






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