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500 South Turner Avenue

Updated Sep 17, 2026

LEASEDOffice

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:

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

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Office

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Players

Claiborne Mulhern

JLL

Broker

1 deal

Broker
Huber Engineered Woods
Huber Engineered WoodsBuyer

Ambrish Baisiwala

Portman Holdings

Landlord

$818M

vol

3 deals

Landlord

Charlotte Office Market Snapshot

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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

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