August 23, 2019 Comments Off on Highwoods Properties to Acquire Bank of America Tower in Charlotte for $436M Views: 504 National News, North Carolina, Southeast

Highwoods Properties to Acquire Bank of America Tower in Charlotte for $436M

Raleigh-based Real Estate Investment Trust Highwoods Properties is under contract to acquire Bank of America Tower, a 33-story, 841,164-square-foot office tower in Charlotte for $436 million.

Located at 620 S. Tryon St., the building is anchored by Bank of America Corp. and was developed by Lincoln Harris and Goldman Sachs. Bank of America leases approximately 600,000 square feet at the building. Additional tenants at the 90% leased tower include law firm Parker Poe and KPMG.

The tower is the first part of a 10-acre mixed-use project called Legacy Union being spearheaded by Legacy Union. The site was the former home of the Charlotte Observer building. The project also includes an 18-story office building anchored by consulting firm Deloitte and a 23-story tower that will be occupied by Honeywell.

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