Charlotte, NC – February 8, 2016 - CBRE Group, Inc. is pleased to have arranged the sale of Forest Park VI in Charlotte, NC. Patrick Gildea and Ralph Oldham exclusively represented the sellers, a partnership involving Greensboro, North Carolina's Richardson Properties. The property sold on January 19, 2016, to Stream Realty Partners for $5,725,000.
Forest Park VI totals 69,024 sq. ft. and is located at 8215 Forest Point Drive in Charlotte, NC. The property’s desirable large and efficient amount of contiguous square footage will be available upon the current tenant’s lease expiration. The high parking ratio of 6.87 spaces per 1,000 rentable square feet and open floor plan will draw high-density users such as call centers.
Forest Park VI is conveniently situated in the I-77 Corridor submarket proximate to Charlotte Douglas International Airport and is easily accessible from I-85, I-77 and I-485. The I-77 Corridor is currently experiencing positive momentum, recording the third highest absorption total in the Charlotte market during Q4 2015.
“The buyer pool was extremely competitive for Forest Park VI, given the unique opportunity to control a rare block of contiguous vacancy with one of the most compelling parking ratios in the city,” said Patrick Gildea.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a
Fortune 500 and S&P 500 company headquartered in Los Angeles, is the
world’s largest commercial real estate services and investment firm (in terms
of 2014 revenue). The Company has more than 70,000 employees (excluding
affiliates), and serves real estate owners, investors and occupiers through
more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic
advice and execution for property sales and leasing; corporate services;
property, facilities and project management; mortgage banking; appraisal and
valuation; development services; investment management; and research and
consulting. Please visit our website at www.cbre.com.
