HFF announces $14.65M sale of the Bostick and Calhoun Buildings within The Park – Huntersville in Charlotte
CHARLOTTE, NC – January 29, 2018 – HFF announces the $14.65 million sale of a two-building, Class A, single-story office portfolio totaling 117,117 square feet within the Charlotte-area community of Huntersville, North Carolina.
The HFF team marketed the property on behalf of the seller, U.S. Trust - Bank of America, N.A., as Trustee. Viking Partners purchased the assets.
The portfolio comprises the 57,214-square-foot Bostick Building at 9801 Kincey Avenue and the 59,903-square-foot Calhoun Building at 9800 Kincey Avenue. The portfolio is home to a variety of local, regional, national and international tenants, including Liberty Mutual Insurance, SMC Corporation of America and BioCytics, Inc. The properties are located within The Park – Huntersville, which is one of the largest mixed-use developments of its kind in the Charlotte region. The park’s infill location provides immediate access to all major thoroughfares, including Interstates 77, 485, 85 and 40.
The HFF investment advisory team representing the seller consisted of senior managing directors Ryan Clutter, senior director Scot Humphrey and director Chris Lingerfelt.
“These well positioned assets offer a unique opportunity to acquire historically well performing real estate at the front door to one of the fasted growing hospitals on the north side of Charlotte,” commented Clutter. “As the medical demand continues to intensify in the immediate area, these assets have enormous upside in the future. The Huntersville area of suburban Charlotte, and all around Lake Norman, continue to see strong growth, which is becoming increasingly more attractive to investment capital.”
“The diverse offering generated competitive interest from both local and regional capital sources and offers immediate upside to new ownership,” added Lingerfelt.
Holliday GP Corp. ("HFF"), a North Carolina licensed real estate broker.
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.