Updated Nov 3, 2026
Clay Duvall, David Binswanger, And Charlotte Hornets Acquire Queen City Quarter In Charlotte
210 East Trade Street
Building Size
304,324 SF
Asset Type
Mixed-use
Closing
Nov 3, 2026
About this deal
AI
210 East Trade Street in Charlotte, NC is a mixed-use development known as Queen City Quarter, encompassing a total square footage of 304,324. The property was involved in a sale that finalized on November 2, 2026. The specific sale price was not disclosed, and the new owners are currently assessing plans for revitalization of the site, which was formerly the EpiCentre complex.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 210 East Trade Street
- Market: Charlotte, NC
- Asset Size: 304,324 SF
- Buyer: Clay Duvall & David Binswanger - Lincoln Property Company; Paul M. Picarazzi - Vision Ventures; Charlotte Hornets
- Brokers: Patrick Gildea, Matt Smith & Adam Russ - CBRE
In this transaction, the buyers include notable firms such as Lincoln Property Company, Vision Ventures, and the Charlotte Hornets. The deal was facilitated by brokers Patrick Gildea, Matt Smith, and Adam Russ from CBRE, who played significant roles in arranging the acquisition of the property.
On the Map
Mixed-use
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Players
Trade Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93