q2 2019 charlotte...april 2019 submarket snapshot 5 year change ... prestigious neighborhoods of...
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Q2 2019
CHARLOTTE
REPORT
9.9%INCREASE in
POPULATION in past 5 years
16.2%INCREASE in
JOBS in past 5 years
$57.9KMEDIAN
HOUSEHOLD INCOME
3.7%UNEMPLOYMENT
RATE April 2019
SUBMARKET SNAPSHOT5 YEAR CHANGE
The city of Charlotte is the largest city in North Carolina, the 16th largest city in the country, and the second largest in the Southeast with a population of 889,019 as of 2019. The 10-county metropolitan statistical area (MSA) consists of approximately 2.59 million people, establishing the MSA as the 23rd largest metropolitan area in the United States. Considered one of the country’s major financial centers, Charlotte is the second largest banking center in the United States with more than $2.3 trillion in assets and is home to the headquarters of two of the nation’s largest banks, Bank of America and BB&T/SunTrust, and substantial operations of Wells Fargo, Fifth Third, FNB and Ally.
10.0%
11.0%
12.0%
13.0%
14.0%
15.0%
0
250,000
500,000
750,000
1,000,000
1,250,000
1,500,000
1,750,000
2,000,000
2,250,000
2,500,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
10%
11%
12%
13%
14%
15%
2014 2015 2016 2017 2018 YTD 2019$20.00
$21.00
$22.00
$23.00
$24.00
$25.00
$26.00
$27.00
$28.00
$29.00
$30.00
Average Asking Rate $ Total Vacancy %
FUNDAMENTAL CHARTS
POPULATION2.6M
JOBS1.3MMOST
MILLENIAL GROWTH
#1 #3BEST STATE
TO DOBUSINESS
KEY SALE TRANSACTIONS
PROPERTY SFOWNER
DEVELOPERESTIMATED
COMPLETION
Legacy Union - Phase II 362,500Goldman Sachs &
Lincoln HarrisQ3 2020
Ally Charlotte Center 742,000 Crescent Communities Q1 2021
FNB Tower 156,415Dominion Realty Partners
& NY LifeQ2 2021
KEY LEASE TRANSACTIONS
UPTOWN FUNDAMENTAL CHARTS
As the nation’s second largest banking and financial center outside of New York City, Charlotte’s Uptown (CBD) submarket has become one of the most significant business, financial, and cultural hubs in the Southeast and one of the top performing office markets in the country. Uptown’s incredibly strong competitive position is accentuated by its active 24/7 environment and dynamic mix of office, residential, retail, and entertainment offerings. Further, recent improvement in metro-wide transportation linkages, especially the widely-heralded and broadly-utilized LYNX Blue Line Light Rail, have bolstered Uptown’s nationally-prominent position as the epicenter of Charlotte’s office market.
N
SIGNIFICANT UNDER CONSTRUCTION
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
-400,000
-200,000
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
4%
6%
8%
10%
12%
14%
16%
18%
20%
2014 2015 2016 2017 2018 YTD 2019$20.00
$22.00
$24.00
$26.00
$28.00
$30.00
$32.00
$34.00
$36.00
Average Asking Rate $ Total Vacancy %
SIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q219 700 S Mint St 280,000 Honeywell New
Q219 300 S Tryon St 18,265 Intapp/Deal Cloud New
Q219 200 S Tryon 15,265 Dole Food New
Q219 200 S Tryon 13,699 North Highland New
Q119 300 S Brevard 331,071 Wells Fargo New
Q119 Bank of America Plaza 294,607 Bank of America Renewal
SALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q219 101 N Tryon 526,000LRC Properties & Barrings
Nuveen & Crescent Communities$132.3M / $252
Q119 Gateway Center 310,745GEM Realty
Hamilton Equity Partners$40.5M / $130
Q318Wake Forest Uni-versity Charlotte Center
455,749Shidler Group
TPG$54.5M / $120
Q318 129 W Trade 153,498Triangle Capital
Somerset Properties$24M / $147
Q218 400 S Tryon 583,911DRA Advisors
Oaktree$133.5M / $229
UPTOWNQ2 2019
SUBMARKET REPORT
19,231,596 SFSupply
$33.11Gross Avg
Rental Rate
91%Occupancy
1,028,647 SFYTD Absorption
PROPERTY SFOWNER
DEVELOPERESTIMATED
COMPLETION
Three30Five - Building C 31,713 Ram Realty Q1 2020
Spectrum Southend 465,000 Spectrum Companies Q4 2020
MIDTOWN FUNDAMENTAL CHARTS
Historic South End (Midtown) is Charlotte’s urban oasis for young professionals. What was largely a neglected industrial corridor in the 1980’s turned into a haven for artists and creatives in the 1990’s and early 2000’s. The delivery of the light rail in 2007 resulted in an influx of multifamily growth. As a result, South End evolved into Charlotte’s trendiest neighborhood as the city’s millennial hot-spot home to craft breweries, creative office, high-end multifamily, and unique retailers. South End’s industrial charm attracts residents and visitors as Charlotte’s most exciting neighborhood to live, shop, dine, work, create, and relax.
N
SIGNIFICANT UNDER CONSTRUCTION
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
2%
4%
6%
8%
10%
12%
14%
2014 2015 2016 2017 2018 YTD 2019$20.00
$22.00
$24.00
$26.00
$28.00
$30.00
$32.00
$34.00
$36.00
$38.00
$40.00
Average Asking Rate $ Total Vacancy %
RECENT SALE TRANSACTIONS
RECENT LEASE TRANSACTIONSSIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q219 Design Center Tower 357,000 Lowe’s New
Q219 Spectrum South End 176,000 Lending Tree New
Q219 1410 W Morehead St 8,416 Airwavz Solutions New
Q119 Railyard - South Tower 39,859 Parsons New
Q119 Railyard - South Tower 30,487 Ernst & Young New
SALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q119Dilworth Artisan Station
46,987Richard & Robert Fuller
White Point Partners$8.7M / $185
Q418 2151 Hawkins St 27,045Southend Ventures Portman Holdings
$12.7M / $470
Q418Charlotte Plastic Sur-gery
11,356Michael Beasley Peter L Coker
$5.3M / $467
Q318 500 E Morehead 178,336Beacon Partners
Zurich Alternative$88.5M / $473
MIDTOWNQ2 2019
SUBMARKET REPORT
3,121,390SFSupply
$35.77Gross Avg
Rental Rate
88%Occupancy
555,427 SFYTD Absorption
SouthPark is Charlotte’s most mature live-work-play community that is home to the area’s strongest demographics, extensive executive housing, well-established office parks which attract national and regional tenants, and unmatched retail and dining options. Centrally located within Charlotte, SouthPark is only 15 minutes away from Charlotte’s central business district. At the heart of SouthPark is SouthPark Mall, which encompasses over 1.6 million square feet of retail space and boasts the second highest retail sales per square foot in the Southeast.
6%
8%
10%
12%
14%
16%
18%
20%
22%
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
300,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
2014 2015 2016 2017 2018 YTD 2019$25.00
$26.00
$27.00
$28.00
$29.00
$30.00
$31.00
$32.00
$33.00
$34.00
Average Asking Rate $ Total Vacancy %
SOUTHPARK FUNDAMENTAL CHARTS
N
RECENT SALE TRANSACTIONS
RECENT LEASE TRANSACTIONS
SIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q219One Piedmont Town Centre
53,347 PNC Bank Expansion
Q219 One Morrocroft Centre 12,206 RBC Capital Markets New
Q119Two Piedmont Town Center
79,986 AMWINS Expansion
Q119 Capital Towers - South 47,000Discovery
CommunicationsNew
Q119Two Piedmont Town Center
23,175First Horizon / Capital Bank
New
Q119 Rotunda Building 22,500 Precision Lending New
SALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q219 Rexford I & II 147,074Lending Tree
Childress Klein$24.5M / $166
Q418 Capitol Towers 477,076Lincoln Harris
Preferred Office Properties$205.8M / $435
Q118Three South Execu-tive Park
54,125Origin Investments
Lat Purser & Assoc. / Consolidated Planning
$11.3M / $209
SOUTHPARKQ2 2019
SUBMARKET REPORT
4,506,613SFSupply
$31.84Gross Avg
Rental Rate
91%Occupancy
46,632 SFYTD Absorption
The South/485 submarket is most known for being home to Ballantyne Corporate Park. The area is ideal for large corporations that are looking for premium suburban Class A office space in the Charlotte market. Ideally located along I-485, I-77 and Hwy 521, this location provides tenants convenient commute options to and from the work place. Also, the submarket is known for its extensive office offerings, substantial retail amenities, a broad range of high quality multi-family and single-family neighborhoods, and superior public and private schools.
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
16%
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
2014 2015 2016 2017 2018 YTD 2019$24.00
$25.00
$26.00
$27.00
$28.00
$29.00
$30.00
$31.00
$32.00
$33.00
$34.00
Average Asking Rate $ Total Vacancy %
SOUTH485 FUNDAMENTAL CHARTS
N
PROPERTY SFOWNER
DEVELOPERESTIMATED
COMPLETION
Toringdon 7 198,831 AIG & Trinity Partners Q3 2019
13146 Ballantyne Corpo-rate Pl
328,000 Northwood Investors Q1 2021
SIGNIFICANT UNDER CONSTRUCTION
RECENT SALE TRANSACTIONS
RECENT LEASE TRANSACTIONS
SIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q2198008 Corporate Cen-ter Dr
16,257 Shea Homes Renewal
Q119 The Crawford Building 54,194 Lincoln Financial New
Q119 The Hub at Waverly 28,000 Remi New
Q119 Brixham Green Three 23,061 Lincoln Financial New
Q119 Woodfield II 16,257 Shea Homes Renewal
SALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q119Ballantyne Medi-cal One
37,656The Bissell Companies
Anchor Health Properties$17.1M / $454
Q218 Harper Medical 47,007Bissell & Carolina
Neurosurgery Anchor Health Properties
$19.6M / $416
SOUTH485Q2 2019
SUBMARKET REPORT
5,647,289 SFSupply
$33.16Gross Avg
Rental Rate92%
Occupancy
83,470 SFYTD Absorption
12%
13%
14%
15%
16%
17%
18%
0
100,000
200,000
300,000
400,000
500,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
11%
12%
13%
14%
15%
16%
17%
18%
2014 2015 2016 2017 2018 YTD 2019$18.00
$19.00
$20.00
$21.00
$22.00
$23.00
$24.00
$25.00
Average Asking Rate $ Total Vacancy %
RECENT SALE TRANSACTIONS
PROPERTY SFOWNER
DEVELOPERESTIMATED
COMPLETION
Two Silver Crescent 88,000 New Forum Q3 2019
Arrowood Station 114,469White Oak Real Estate
AdvisorsQ4 2019
RECENT LEASE TRANSACTIONS
AIRPORT FUNDAMENTAL CHARTS
The Charlotte Douglas International Airport is located in the submarket providing unparalleled convenience for Charlotte’s corporations that call the Airport submarket home. Additionally, the submarket is serviced by Charlotte’s two major interstate systems, Interstate 85 and Interstate 77, and Charlotte’s 68 mile beltline, Interstate 485. Located between Lake Wylie and Charlotte’s most prestigious neighborhoods of Myers Park, Dilworth, and SouthPark, the Airport submarket offers a wealth of executive housing within a 15 minute drive.
N
SIGNIFICANT UNDER CONSTRUCTION
SIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q219 LakePointe III 15,295 Compass Group New
Q119 Forest Park X 61,151 Charter Communications New
Q119 207 Regency 32,579 Southeastern Institute New
Q119 Forest Park II 23,518 Total Quality Logistics Expansion
Q418Whitehall Corporate Center III
31,500 GSA New
Q418Regency Executive Park
31,000Charlotte Immigration
CourtNew
SALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q119 AT&T 132,035IPCC
Praelium$17M / $129
Q119 Forest Park VI 69,831Stream Realty
Longvalley II, LLC$12.6M / $180
Q418 Parkway Plaza 368,871Eola & CBREI
Hamilton Equity PartnersWithheld
Q318 Arrowpoint II & III 163,687Accesso
RealOp Investments$10.4M / $64
Q218 Corporate Center I & II 335,830Artemis & Childress Klein
BB&T$52.8M / $157
Q218 Vanguard Center 530,316True North
Dilweg$42.8M / $81
AIRPORTQ2 2019
SUBMARKET REPORT
10,055,895 SFSupply
$23.88Gross Avg
Rental Rate
86%Occupancy
214,062 SFYTD Absorption
The University submarket has become an obvious destination for corporate headquarter locations, back office users, call center spaces, and innovative, research campuses. Some of the major office parks include Innovation Park, Cambridge, Mallard Creek, University Executive Park, Prosperity Place, and Resource Square. Given its strong amenity base, close proximity to all of the area’s major interstate highways, superior power and fiber infrastructure, and close association with UNC Charlotte, the University submarket is one of Charlotte’s most attractive choices for major corporate facilities.
16%
17%
18%
19%
20%
21%
22%
23%
24%
-100,000
-50,000
0
50,000
100,000
150,000
200,000
250,000
300,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
15%
16%
17%
18%
19%
20%
21%
22%
23%
24%
25%
2014 2015 2016 2017 2018 YTD 2019$17.00
$18.00
$19.00
$20.00
$21.00
$22.00
$23.00
$24.00
$25.00
$26.00
$27.00
Average Asking Rate $ Total Vacancy %
KEY SALE TRANSACTIONS
KEY LEASE TRANSACTIONS
UNIVERSITY FUNDAMENTAL CHARTS
N
SIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q219 University Highlands 97,596 United Rentals New
Q219Cambridge Corporate Center
97,000 GoHealth New
Q119 Four Resource Square 100,257 Acuity Healthcare Solutions New
Q119 10101 David Taylor Dr 92,740 Centene Corporation New
Q119 One University Place 11,084University Radio
Foundation (WFAE)Renewal
SALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q2198601 University East Dr
67,287Marr Development
Tryon Capital Ventures$13.6M / $201
Q418 Cambridge 349,815Origin Investments & Atlantic
Creek & Stream Realty / Arch Companies
$63M / $180
Q418Three Resource Square
124,767Torchlight Investors
CREMAC$18.4M / $148
UNIVERSITYQ2 2019
SUBMARKET REPORT
4,094,321 SFSupply
$24.02Gross Avg
Rental Rate83%
Occupancy
(6,344) SFYTD Absorption
RECENT LEASE TRANSACTIONS
SOUTH CHARLOTTE FUNDAMENTAL CHARTS
The South Charlotte submarket has 2.7 million square feet (MSF) of office space that is conveniently located off of Highway 51 and I-485. Tenants choose South Charlotte due to its fantastic amenity base, proximity to executive housing and top rated schools, and its access to major highways and the airport. Situated between SouthPark and Ballantyne, the South Charlotte office market caters to smaller office users desiring more cost-effective rental rates and convenient access to their homes.
The buildings located along Highway 51 in the South Charlotte submarket offer smaller tenants more efficient layouts on smaller floor plates, a higher ratio of windows, and prominent elevator lobby visibility compared to SouthPark and Ballantyne. Most of the office product in the South Charlotte submarket is concentrated to five (5) office parks located along Highway 51 near the Johnston Road and Carmel Road intersections. These five (5) office parks account for nearly 33% of the submarket inventory and include Quail Plaza, Carmel Park, Carmel Crossing, Carmel Executive Park, and Woodfield.
N
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
24%
-100,000
-50,000
0
50,000
100,000
150,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
0%
5%
10%
15%
20%
25%
30%
2014 2015 2016 2017 2018 YTD 2019$17.00
$18.00
$19.00
$20.00
$21.00
$22.00
$23.00
$24.00
$25.00
$26.00
Average Asking Rate $ Total Vacancy %
SIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q219 The David Building 12,157 Progressive Insurance Expansion
Q219Carmel Executive Park VI
1,270 Genems Systems New
Q219 The David Building 1,234 Kitchen LLC Renewal
Q119 10508 Park Rd 5,561 Rodgers Builders New
Q119 Woodfield I 2,773 R-Care, Inc Expansion
SOUTH CHARLOTTEQ2 2019
SUBMARKET REPORT
1,060,386 SFSupply
$24.89Gross Avg
Rental Rate
93%Occupancy
19,342 SFYTD Absorption
KEY SALE TRANSACTIONSSALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q219 Quail Plaza 89,730"Trigate Capital
Adler Real Estate Partners"$15.9M / $177
2%
3%
4%
5%
6%
7%
0
50,000
100,000
150,000
200,000
250,000
300,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
0%
5%
10%
15%
20%
25%
30%
2014 2015 2016 2017 2018 YTD 2019$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
$35.00
Average Asking Rate $ Total Vacancy %
PROPERTY SFOWNER
DEVELOPERESTIMATED
COMPLETION
North Graham at Dalton 45,000Tribek Properties
LCRE CapitalQ319
CAMP03 42,350ATCO
ShorensteinQ319
Foundation Supply 200,000 Artesia Real Estate Q419
CAMP02 109,972ATCO
ShorensteinQ220
Ford Building 240,000ATCO
ShorensteinQ221
PLAZA MIDWOOD/NODA FUNDAMENTAL CHARTS
The Plaza Midwood/NoDa submarket located just north of Charlotte’s CBD is becoming one of the most active commercial and residential development urban submarkets within the Charlotte MSA. In the spring of 2018, the LYNX Blue Line Extension opened creating a 9.3 mile rail line extending from the CBD through the Plaza Midwood/NoDa submarket. Currently there is 500,000 sf of office space under construction. Such development is accompanied by the fact that half of the submarket falls into the designated “Opportunity Zones” that coincide along the light rail line. This will further incentivize investors to develop in the area for the foreseeable future.
N
SIGNIFICANT UNDER CONSTRUCTION
RECENT SALE TRANSACTIONS
RECENT LEASE TRANSACTIONSSIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q119 CAMP North End 5,586 704Games Company New
SALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q418 1801 N Tryon 195,175Scandura
Artesia Real Estate$8.8M / $45
SUBMARKET REPORT
PLAZA MIDWOOD & NODAQ2 2019
669,585 SFSupply
$31.23Gross Avg
Rental Rate74%
Occupancy
113,620YTD Absorption
6%
10%
14%
18%
22%
0
25,000
50,000
75,000
100,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
PARK ROAD FUNDAMENTAL CHARTS
The Park Road submarket has become a unique corridor that contains all of the amenities business owners are looking for in a live, work, play environment. The submarket contains Park Road Shopping Center along with Montford entertainment center that are home to some of Charlotte’s top rated shops, restaurants, and new residential developments. Uniquely located in between two of Charlotte’s most desirable submarkets (Midtown and SouthPark), Park Road presents tenants and landlords an extraordinary opportunity to work close to the central business district at a discount while still maintaining all the amenities employees require from a modern day workplace.
N
7%
9%
11%
13%
15%
17%
19%
21%
23%
2014 2015 2016 2017 2018 YTD 2019$14.00
$16.00
$18.00
$20.00
$22.00
$24.00
$26.00
$28.00
$30.00
Average Asking Rate $ Total Vacancy %
RECENT LEASE TRANSACTIONSSIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q418 1515 Montford Park 9,938Cardinal Logistics Management Corp
New
Q418 1515 Montford Park 5,175Southeast
AnesthesiologyNew
Q318 200 Southside Dr 20,035 DPR Construction Renewal
Q318Abbey Place Medical Office
16,781CMHA - Sleep and Oral
HealthRenewal
Q218 1515 Montford Park 13,000 CoCoTiv New
SUBMARKET REPORT
PARK ROADQ2 2019
658,415 SFSupply
$27.38Gross Avg
Rental Rate93%
Occupancy
14,865 SFYTD Absorption
RECENT SALE TRANSACTIONSSALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q219 Park Abbey 111,436Dilweg
Foundry$19.5M / $175
12%
13%
14%
15%
16%
17%
18%
19%
20%
-50,000
0
50,000
100,000
150,000
2014 2015 2016 2017 2018 YTD 2019
Net Absorption SF Deliveries SF Total Vacancy %
NORTHEAST/I-77 FUNDAMENTAL CHARTS
The Northeast I-77 submarket is a relatively immature submarket compared to most of Charlotte which offers landlords and tenants unique opportunities. Located Northeast of Charlotte’s CBD, the submarket runs along I-77 and is located east of Lake Norman, Charlotte’s largest lake. The Northeast submarket includes notable office parks such as Harris Corners, The Park at Huntersville and Kenton Circle. These locations among others are highly sought after by tenants due to the nearby desirable communities, affordable cost of occupancy and being located highly accessible office locations.
N
12%
13%
14%
15%
16%
17%
18%
19%
20%
21%
2014 2015 2016 2017 2018 YTD 2019$17.00
$18.00
$19.00
$20.00
$21.00
$22.00
$23.00
$24.00
$25.00
$26.00
Average Asking Rate $ Total Vacancy %
RECENT LEASE TRANSACTIONSSIGN DATE
PROPERTY SF TENANTTRANSACTION
TYPE
Q219 Harris Corners I 11,924 Allscripts New
Q219 The Linville Building 4,865 Hilsmier New
Q119 NorthPointe Two 5,374 Solucion Renewal
Q119 NorthPointe Two 4,455 Greensky New
Q119 Storrs Building 2,764 Pyott Boone Electronics New
SUBMARKET REPORT
NORTHEAST I-77Q2 2019
1,827,698 SFSupply
$23.67Gross Avg
Rental Rate88%
Occupancy
18,043 SFYTD Absorption
KEY SALE TRANSACTIONSSALE DATE
PROPERTY SFSELLER BUYER
PRICE / $PSF
Q219 705 Griffith St 54,487Canvas Capital
Healthcare Trust of America$10.2M / $187
Q418Jetton Medical Buildings
44,893Flagship Healthcare Montecito Medical
$13.8M / $307
JESSICA BROWNExecutive Director
+1 704 887 3023
DAVID DORSCHSenior Director
+1 704 335 4441
GRANT KEYESSenior Associate
+1 704 887 3021
©2019 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPIN-IONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.
Sources: Cushman & Wakefield Research, Dallas Regional Chamber of Commerce, Moody’s Analytics, Real Capital Analytics, Costar, U.S. Chamber of Commerce.