Spectrum Cos., Invesco Real Estate Acquire Office Building In Charlotte, NC For $65.5M

The office property located at 1001 Morehead Square Dr in Charlotte, NC has been sold in a transaction. The property spans 133,107 square feet, with a sale price of $65,500,000, resulting in a price per square foot of $492. The sale was facilitated by CBRE, with Patrick Gildea, Matt Smith, Grayson Hawkins, Joe Franco, Kris Westmoreland, and Emily Barth representing the seller, Ferncroft Capital.

Summary of transation details

• Property Type: Office
• Transaction Amount: $65,500,000
• Square Footage: 133,107
• Price per Square Foot: $492
• Address: 1001 Morehead Square Dr, Charlotte, NC
• Market: Charlotte, NC

Spectrum Cos. and Invesco Real Estate acted as the buyers in this deal. Additionally, CBRE played a significant role as the seller's representative.