Marc Costantini Of Corebridge Real Estate Investors And John Coury Of Crestlight Capital Acquire Office Property In Charlotte For $91.75M

The property asset involved in the transaction is an office property located at 3700 & 3600 South Boulevard in Charlotte, NC. The total transaction amount was $91,750,000, encompassing a space of 199,673 square feet, equating to a price per square foot of $460. The asset, known as Charlotte’s Station at LoSo, consists of two buildings and is currently 90% leased, situated adjacent to light rail in an area with rising office occupancy and rents.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $91,750,000
• Buyer: Marc Costantini - Corebridge Real Estate Investors
• Buyer: John Coury - Crestlight Capital
• Seller: Pete Kidwell - Beacon Partners
• Broker: Ryan Clutter - JLL
• Square Footage: 199,673
• Price per Square Foot: $460

The deal was facilitated by broker Ryan Clutter from JLL, who represented the seller, Pete Kidwell of Beacon Partners. The acquisition was made by Marc Costantini of Corebridge Real Estate Investors and John Coury of Crestlight Capital, highlighting the involvement of key players in the real estate investment sector.