Digital Realty Trust Inc. Acquires Court Arcade Building In Charlotte From Shamrock Management Corp For $9.5M

The property involved in the transaction is located at 725 East Trade Street in Charlotte, NC. The asset type is classified as an office building. The sale price for this property is $9,500,000. The building, constructed in the 1920s, encompasses a total area of 18,573 square feet and accommodates several law firms as well as the headquarters of the Mecklenburg County Democratic Party.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,500,000
• Buyer: Digital Realty Trust Inc.
• Seller: Shamrock Management Corp.
• Address: 725 East Trade Street
• Market: Charlotte, NC
• Building Size: 18,573 square feet
• Building Age: Built in the 1920s

Digital Realty Trust Inc. acquired the property from Shamrock Management Corp. This transaction reflects a strategic move, considering Shamrock Management Corp. has divested the Court Arcade building, previously utilized by various legal firms along with a political party headquarters in the uptown area of Charlotte.