Town Lane & Trinity Capital Advisors Acquire Office Tower At 440 South Church For $75.8M With $81M Loan From Barings

The asset involved in this transaction is a 15-story office tower located at 440 South Church Street in Charlotte, NC, encompassing a total square footage of 388,657. Town Lane and Trinity Capital Advisors have acquired this property for $75.8 million and secured $81 million in acquisition financing from Barings to support the repositioning of the building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $81,000,000
• Lender: Barings
• Landlord: Town Lane & Trinity Capital Advisors
• Address: 440 South Church Street
• Market: Charlotte, NC
• Brokers: Joao "JP" Cordeiro, Brian Linnihan & Mike Ryan - CBRE

This transaction involved key players in the commercial real estate sector, with Town Lane and Trinity Capital Advisors not only acquiring the property but also focusing on its repositioning strategy. The brokers representing the transaction were Joao "JP" Cordeiro, Brian Linnihan, and Mike Ryan from CBRE, who facilitated the acquisition process for the landlord.