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They Want a Piece of the Charlotte Action

WASHINGTON DC 08.16.2017

ALEXANDRIA STATE OF THE MARKET

The Premier Event on Alexandria's CRE Market

Joseph Ney -- Reingold
AJ Jackson -- EYA
Austin Flajser -- Carr Hospitality/Carr City Centers
They Want a Piece of the Charlotte Action
The Southeast is wooing outside investors—and Charlotte  is one of the reasons. Properties are being snapped up here ahead of a recovery that's more robust than our neighbors'. (They also all love attending the weekly Robot Johnson show at the Roux.)
 
Steve Steppe
San Francisco-based Stockbridge Capital Group came all the way to town to acquire two office buildings, Toringdon 6 and 8, for an undisclosed price. Together the buildings total 200k SF at the Toringdon Office Park along I-485 in South Charlotte. Stockbridge exec managing director Steve Steppe tells us the deal is part of the company's expansion into the Southeast, where it sees favorable demographics; near term, the company plans to spend about $236M in the region. He cites the fact that metro Charlotte is expected to be one of the top job-creating metros in the US.
 
Reznick (Office) MCHAR