Town Lane And Trinity Capital Advisors Acquire Office Tower At 440 South Church Street For $75.8M

The asset involved in the transaction is an office property located at 440 South Church Street in Charlotte, NC. The sale was completed for a value of $75,800,000. The office building encompasses 388,657 square feet and was sold at a price per square foot of $195.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $75,800,000
• Buyer: Town Lane & Trinity Capital Advisors
• Seller: Epic Investments Partners
• Square Footage: 388,657
• Sale Price per Square Foot: $195

Town Lane and Trinity Capital Advisors plan to invest more than $20 million to renovate the office tower, which was less than 40% leased at the time of sale. The property holds a LEED Gold certification.