Investor demand in Charlotte’s South End office market continues as Stiles announces the sale of 300 W. Summit Avenue. A newly raised core fund advised by Zurich Alternative Asset Management, LLC (“ZAAM”) of New York acquired the property for $28,775,000 in a direct transaction with Stiles.
In another clear sign of the strong Charlotte office market, a total of 43,257 square feet of lease deals have brought the new 300 W. Summit boutique office building to more than 80 percent occupancy.
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Stiles, a longstanding developer of office buildings throughout the Southeast, today announced the start of construction on 300 West Summit; a Class A, 64,000-square foot boutique office building located in Charlotte’s historic South End. Delivery is scheduled for September of 2018.
Stiles’ Charlotte office, a division of the full-service commercial real estate development firm Stiles, today announced plans to develop a new Class-A, 64,000-square-foot office building in the heart of Charlotte’s historic South End neighborhood.