HFF announces sale of 12.88 acres within The Park – Huntersville in Charlotte
CHARLOTTE, NC – March 6, 2018 – HFF announces the sale of three land sites totaling 12.88 acres within The Park – Huntersville in 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, and procured the buyer, a fund managed by Alidade Capital, LLC. This is the second purchase that an Alidade Capital, LLC affiliate has made within The Park – Huntersville in the past year, after a 411,434-square-foot four-building office and light industrial portfolio acquisition brokered by HFF in October 2017.
The three land tracts are zoned for a variety of uses, including office (medical or general) and industrial/flex development. Located along Reese Boulevard in The Park – Huntersville, one of the largest mixed-use developments of its kind in the Charlotte region, the development sites provide immediate access to all major thoroughfares in the Charlotte region, including Interstates 77, 485, 85 and 40 as well as Uptown Charlotte, the UNC-Charlotte/University City area and executive housing in the Lake Norman area.
The HFF investment advisory team representing the seller consisted of director Sarah Godwin and senior director Hunter Barron.
Holliday GP Corp. ("HFF"), a North Carolina licensed real estate broker.
About Alidade Capital
Alidade Capital is a fund manager and registered investment advisor that currently manages four real estate value-add funds. Learn more at alidadecapital.com.
HFF and its affiliates operate out of 26 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.