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600 South Tryon Street

Highwoods Properties Acquires 6Hundred At Legacy Union Office Tower From Lincoln Property Company For $223M
SOLDOffice

Highwoods Properties Acquires 6Hundred At Legacy Union Office Tower From Lincoln Property Company For $223M

600 South Tryon Street

$223,000,000

$542/SF

Building Size

411,000 SF

Asset Type

Office

Closing

Nov 18, 2025

AI

The property involved in the transaction is an office asset located at 600 South Tryon Street in Charlotte, NC. The sale took place on November 18, 2025, for a total price of $223,000,000. The asset spans 411,000 square feet, yielding a price per square foot of $543.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $223,000,000
  • Buyer: Highwoods Properties
  • Seller: Lincoln Property Company
  • Square Footage: 411,000
  • Price per Square Foot: $543
  • Market: Charlotte, NC

Highwoods Properties acquired the 6Hundred at Legacy Union office tower, which is a 24-story structure. This acquisition contributes to expanding Highwoods' Legacy Union footprint significantly with their total expected investment of $223 million.

Players

Highwoods Properties
Highwoods PropertiesBuyer
Lincoln Property Company
Lincoln Property CompanySeller

Charlotte Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93