Updated Sep 17, 2026
Huber Engineered Woods Signs 51,428 Square Foot Lease For New Headquarters In Charlotte
500 South Turner Avenue
Building Size
51,428 SF
Asset Type
Office
Closing
Sep 16, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 500 South Turner Avenue in Charlotte, NC. The property encompasses a total area of 51,428 square feet and is part of the market known for its diverse business ecosystem.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Ambrish Baisiwala - Portman Holdings
- Tenant: Huber Engineered Woods
- Brokers: Claiborne Mulhern & John Ball - JLL; Brent Royall - 6 Summit Partners
- Lease Type: Office lease
- Lease Size: 51,428 square feet
- Location: Savona Mill, Charlotte’s West End
- Employee Count: 94
- Moving Date: Summer 2027
This lease agreement was facilitated by John Ball and Claiborne Mulhern of JLL representing the landlord, Portman Holdings, while Brent Royall of 6 Summit Partners represented Huber Engineered Woods, who will be moving into the entire top floor of the adaptive-reuse office building.
On the Map
Office
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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