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
Charlotte Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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