Hornets Basketball Holdings LLC Acquires Office Buildings In Charlotte For $20.5M From Linden Thomas & Company

The property involved in this transaction is an office asset located at 301 South Brevard Street in Charlotte, NC. The sale price was $20,500,000 for a total square footage of 61,800, resulting in a price per square foot of $332. The site spans 1.89 acres and consists of two historic buildings, which are currently zoned for mixed-use redevelopment.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,500,000
• Address: 301 South Brevard Street
• Market: Charlotte, NC
• Square Footage: 61,800
• Price per Square Foot: $332
• Buyer: Hornets Basketball Holdings LLC
• Seller: Stephen L. Thomas - Linden Thomas & Company
• Brokers: Tommy Trimble, Sarah Godwin, Karl Hudson, Patrick Stevens & Davis Hammond - Foundry Commercial

This transaction was facilitated by several brokers from Foundry Commercial, including Tommy Trimble, Sarah Godwin, Karl Hudson, Patrick Stevens, and Davis Hammond. The buyer, Hornets Basketball Holdings LLC, has not publicly disclosed any future plans for the property following the acquisition.