April 25, 2017 Comments Off on Charlotte’s Rotunda Building Trades for $42M Views: 585 National News, North Carolina, Southeast

Charlotte’s Rotunda Building Trades for $42M

HFF arranged $42.4 million in acquisition and improvement financing for the Rotunda Building, a 230,790-square-foot office building in Charlotte, NC’s SouthPark submarket. Philadelphia-based Equus Capital Partners, Ltd. acquired the Class A, multi-tenant asset from an undisclosed global asset manager.

The 91%-leased Rotunda Building is considered one of Charlotte’s trophy office buildings. Completed in 1988, the four-story building features a two-story porte cochère and lobby with Italian marble, Village Tavern restaurant and a water fountain spanning the entire rear of the building.

Situated on 5.34 acres at 4201 Congress St., the iconic asset is located at Congress Street and Carnegie Boulevard, adjacent to the 1.6 million-square-foot SouthPark Mall.

HFF’s Ryan Clutter, Scot Humphrey and Chris Lingerfelt represented the seller. HFF’s Brent Bowman and Travis Anderson worked on behalf of the new owner to place the floating-rate acquisition loan with Bank of America Merrill Lynch.

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