Holly Alexander and Kenny Smith represented local real estate investor, Primero LLC with their disposition of 916 W 5th Street and 1031 exchange purchase of Albemarle Business Park. The 50,000 square foot, multi-tenant office building is located in the heart of East Charlotte. In addition to handling leasing, New South Properties was hired to manage the facility. Silvia Balan will …
Challenge:Locate a 20,000-40,000 sqf, free-standing building that is at most 30% occupied in Uptown Charlotte for Level Office, a co-working company, during a high-demand market. Solution:We performed in-depth analysis on client operations and desired outcomes to discover the most practical and economically sound solution possible. The tight market led us to a 22,000 square foot, aged office building with inefficient …
In 2014, the New South Properties team was hired by Level Office, an emerging leader in the entrepreneurial co-working/shared office market, to locate their first Charlotte office. Level Office specializes in re-developing undervalued/underutilized properties. The requirement called for a 20,000-40,000 square foot, free-standing building, at most 30% occupied and located in Uptown Charlotte. The Charlotte commercial market rebounded more quickly …