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.)
 
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.
 

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Delaware Statutory Trust Fundraising Jumps 27% From 2025

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal

High Costs Pose Barriers For Ground-Up Hotel Development In Charlotte

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

CoreCivic Gets Third Leader In A Year After CEO Resigns

Construction Tech Firm Kahua Secures Bain Capital Investment At $1B Valuation

Bankrupt Pennsylvania City Gets Nearly $100M Injection, But Visions For Revitalization Diverge

Amherst CEO On Stagflation Risks And The Forces Reshaping The Housing Market

Charlotte Office Park Sells For $64M With Plans For Food And Beverage Space

The Bisnow UK Real Estate Influence List: 26 People Dominating The Sector

DHS Awards $7.3B In Contracts To Build Detention Facilities In 5 States