Charlotte, NC – February 17, 2016 – CBRE’s Charlotte, NC, office has finalized the sale of 4611 Sharon Road in Charlotte, NC. CBRE’s Patrick Gildea, Anne Johnson and Bryan Crutcher led the sale on behalf of the seller, Springs Investment, LLC. The property sold to Charlotte-based Ferncroft Capital for $4,150,000 million on January 29, 2015.
4611 Sharon Road is a single-tenant office building located in SouthPark, one of Charlotte’s top-performing submarkets. The SouthPark submarket has seen average rents increase over 13% in the last 12 months. SouthPark is one of Charlotte’s most affluent and rapidly growing areas with an average household income of about $115,000 and 15-year population growth of nearly 28%.
“4611 Sharon Road offers one of the most prominent locations in SouthPark, with excellent visibility and accessibility,” according to 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 2015 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.