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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2002
Building Area

Property Description

Currently 84.2% occupied, the Portfolio offers investors a stabilized cash flowing acquisition opportunity that presents significant upside potential. An attractive in-place tenant roster coupled with a mark-to-market leasing opportunity via 22% of rollover in the first three years, presents the appealing dynamic of long-term stability and value enhancement potential. Investors have the chance to acquire three assets featuring significant unrealized value in the fifth fastest growing metro in the country.

Investment Highlights

  • Jones Lang LaSalle Americas, Inc. (“JLL)” has been
  • retained as the exclusive sales representative for Harris
  • Corners (the “Property” or “Portfolio”), a 364,967 square
  • foot, Class A office portfolio located in the thriving
  • Charlotte market. Currently 84.2% leased, the Portfolio
  • offers a rare opportunity to obtain an immediate foothold
  • in the Northeast/I-77 submarket, one of Charlotte’s
  • premier corporate hubs experiencing exponential growth
  • in recent years. With immediate upside potential in all
  • three properties coupled with stable cash flows and
  • approximately 3.9 years of weighted average lease
  • term, future investors have the unique opportunity to
  • realize outsized returns from properties that have been
  • experiencing exceptional recent leasing momentum and
  • rental rate growth. Additionally, the investment provides
  • highly coveted, enduring stability with an impressive
  • 38.2% of space leased to credit-worthy tenants. The
  • Portfolio’s tenant roster represents a diverse group of
  • highly respected companies in a number of different
  • industries including engineering, consumer products,
  • professional services, financial services, healthcare, and
  • technology. Boasting over $1.8 million in recent capital
  • enhancements, Harris Corners is primed for a tremendous
  • long-term outlook. The assets offer an unmatched ability to
  • attract and retain tenants due to a market-leading amenity
  • package, best-in-class buildouts and premier location in
  • one of the country’s hottest markets.
Ryan Clutter
Ryan Clutter
Senior Managing Director, Carolinas Office Co-Head
License details
MD-645969 ND-172952 SC-6364
Christopher Lingerfelt
Christopher Lingerfelt
Senior Director, Capital Markets
License details
NC-286599

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