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Concordia Properties Acquires Mixed-Use Property In Charlotte For $75M

2465 Mecklenburg Avenue
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This Mixed-use property located in NC was sold for $75,000,000 over 2 years ago. The brokers of the deal were Brooks Colquitt and Watson Bryant

The mixed-use property located at 2465 Mecklenburg Avenue in Charlotte, North Carolina was recently sold for a price of $75,000,000. Spanning across 78 acres of land, this property offers a diverse range of uses. The transaction took place on November 23, 2021, and involved a total of 454 units, equating to a price per unit of $165,198. The sellers, JEM Holdings represented by Jessica M. Saks, sold the property to Concordia Properties. The deal was facilitated by Watson Bryant and Brooks Colquitt from Cushman & Wakefield.

Summary of Transaction Details:

  • Property Type: Mixed-use
  • Transaction Amount: $75,000,000
  • Address: 2465 Mecklenburg Avenue, Charlotte, North Carolina
  • Market: Charlotte, North Carolina
  • Acres: 78
  • Buyer: Concordia Properties
  • Seller: JEM Holdings - Jessica M. Saks
  • Brokers: Watson Bryant & Brooks Colquitt - Cushman & Wakefield
  • Units: 454
  • Price per Unit: $165,198

Watson Bryant and Brooks Colquitt from Cushman & Wakefield played a pivotal role in facilitating this transaction as the brokers representing both the buyer and the seller. This successful sale is a testament to their expertise in the real estate market.

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Deals
  • Location
    2465 Mecklenburg Avenue, Charlotte, North Carolina, USA2465 Mecklenburg Avenue, Charlotte, North Carolina, USA
  • Sale Price
    $75,000,000$75,000,000
    $6 PPSF$6 PPSF
  • Area
    10,816,819 SF10,816,819 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Watson Bryant

Watson Bryant

Deals1
Sold$75M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

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Deal Summary

SALE IMAGE: Watson Bryant & Brooks Colquitt DATE: 11/23/2021 ADDRESS: 2465 Mecklenburg Avenue MARKET: Charlotte, North Carolina ASSET TYPE: Mixed-use ~ ACRES: 78 BUYER: Concordia Properties SELLER: JEM Holdings - Jessica M. Saks BROKERS: Watson Bryant & Brooks Colquitt - Cushman & Wakefield SALE PRICE: $75,000,000 UNITS: 454 ~ PPU: $165,198

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