CBRE has facilitated the sale of 4100 South Stream Boulevard, a 125,265-sq.-ft. office building which has been home to AT&T’s Charlotte Headquarters since 2015. Situated in the I-77 Corridor submarket, the property was acquired by Praelium Acquisitions for $17 million.
CBRE’s Patrick Gildea, Matt Smith, and Grayson Hawkins represented the sellers, Inland Real Estate Group, in the transaction.
“We are pleased to have helped another out of town investor enter the Charlotte market. California, Florida, and New York buyers have been particularly active in this market recently,” said Mr. Gildea, executive vice president at CBRE.
The property is just off Interstate 77 and within minutes of major amenities such as the Charlotte Douglas Airport, Uptown Charlotte and the vibrant South End. With over 6.5 million sq. ft. of multi-tenant, leasable office space, the I-77/Southwest submarket contains Charlotte’s second largest office inventory at 16% of the entire market, and one of the highest concentrations of large suburban employers in Charlotte.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
