Hines Global Income Trust Acquires Mixed-Use Asset In Charlotte For $170 Million

The property asset involved in this transaction is a mixed-use facility located at 1930 Camden Road in Charlotte, NC. The asset spans 7 acres and features a total of 239,000 square feet. The transaction was completed for a price of $170,000,000, translating to $711 per square foot. The property consists of nine buildings, comprising 122,000 square feet dedicated to retail and 117,000 square feet allocated for creative office space, with 88% of the space currently leased.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $170,000,000
• Address: 1930 Camden Road
• Market: Charlotte, NC
• Asset Size: 239,000 square feet
• Price Per Square Foot: $711
• Acres: 7
• Buyer: Paul Zarian, Jesse Amundson, and Jeffrey C. Hines - Hines Global Income Trust
• Seller: Terry S. Brown - Asana Partners
• Brokers: Miles Theodore and Ryan Shore - Eastdil Secured

Hines Global Income Trust acquired the property to enhance its portfolio in Charlotte. The seller in this transaction was Asana Partners, represented by Eastdil Secured, which facilitated the deal involving key professionals in the real estate market.