HFF closes the sale of Cameron Brown Building in downtown Charlotte
CHARLOTTE, NC – July 11, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the Cameron Brown Building, a 13-story, 184,144-square-foot, multi-tenant office building in downtown Charlotte, North Carolina.
HFF marketed the property on behalf of a special servicer, and procured the buyer, The Fallon Company, LLC.
Located at 301 South McDowell Street, The Cameron Brown Building is situated in the re-surging Second Ward of Uptown Charlotte within walking distance of many of Charlotte’s most visible points of interest, including Bank of America’s headquarters, Wells Fargo’s East Coast headquarters, Spectrum Arena and the Bank of America Stadium. The property has exceptional transit access being located adjacent to Interstate 277 and only four blocks from the 3rd Street/Convention Center light rail station.
The HFF investment sales team representing the seller was led by senior managing director Ryan Clutter, managing director Brock Cannon, director Scot Humphrey and associate director Chris Lingerfelt.
“The Cameron Brown building is ideally positioned in Uptown Charlotte’s path of growth and is an extremely sought-after piece of real estate that bridges that gap between Midtown and Uptown,” Lingerfelt said. “These unique characteristics, among others, generated significant demand from local and out-of-town capital alike.”
“Institutional capital continues to aggressively seek value-add investment opportunities in strong urban-infill submarkets like Uptown Charlotte,” added Clutter. “The Cameron Brown building’s investment profile squarely fits this criteria, which helped facilitate a hyper-competitive marketing campaign. We anticipate that a strong selling environment will continue for assets of this nature for the foreseeable future.”
About The Fallon Company, LLC
Founded in 1993 and headquartered in Boston, The Fallon Company LLC is one the East Coast’s premier real estate investment and development companies. The Fallon Company’s diverse portfolio of notable commercial, residential and mixed-use projects continue to define skylines in major markets throughout the Northeast. In Boston, its signature project, Fan Pier, has served as a catalyst for waterfront growth. Fallon has also been an owner and developer of numerous other projects on Boston’s waterfront, including The Westin Boston Waterfront Hotel, Park Lane Seaport Apartments and the Renaissance Boston Waterfront Hotel. For more information about The Fallon Company, visit falloncompany.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 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 sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.