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Invesco Real Estate Purchases Mixed-use Asset From Crescent Communities & Faison For $58 Million In Charlotte

Property Image
SOLD
$58,000,000
Patrick Gildea
Matt Smith

North Carolina

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Mixed-use100,537 SF
Sold 01/06/2026
the dealplayerscompscontact
Property Image
SOLD

Invesco Real Estate Purchases Mixed-use Asset From Crescent Communities & Faison For $58 Million In Charlotte

1942 East 7th Street

See Similar Deals
Mixed-use100,537 SF
Sold 01/06/2026
Patrick Gildea
Matt Smith
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:Mixed-use
Price Per Square Foot:$576
Total Square Footage:100,537 SF
Transaction Type:Sale

The property asset involved in the context is located at 1942 East 7th Street, Charlotte, NC. It is a mixed-use development that includes offices, retail space, and parking. The building is mostly leased, indicating strong demand for good office space in the market. The transaction price for this asset was $58,000,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $58,000,000
  • Buyer: Invesco Real Estate
  • Seller: Crescent Communities & Faison
  • Brokers: Patrick Gildea & Matt Smith - CBRE

Crescent Communities and Faison sold the Elizabeth on Seventh to Invesco Real Estate. The deal was facilitated by brokers Patrick Gildea and Matt Smith from CBRE, who represented the parties in this transaction.

Players

Patrick Gildea
CBRE
Patrick Gildea
17 deals$479.1M volume
BROKER
Matt Smith
CBRE
Matt Smith
16 deals$445.8M volume
BROKER
Invesco Real Estate
Invesco Real Estate
BUYER
CC
Crescent Communities
SELLER

Details

SOLD
IMAGE: 01/06/2026 ADDRESS: 1942 East 7th Street MARKET: Charlotte, NC ASSET TYPE: Mixed-use BUYER: Invesco Real Estate SELLER: Crescent Communities & Faison BROKERS: Patrick Gildea & Matt Smith - CBRE SALE PRICE: $58,000,000 SF: 100,537 ~ PPSF: $577 NOTE: Crescent Communities and Faison sold the Elizabeth on Seventh in Charlotte for $58 million to Invesco Real Estate. The building has offices, retail, parking, and is mostly leased, showing strong demand for good office space.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$206,061.76
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