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Congratulations to the following CRCBR members on their recent achievements:
CBRE – Patrick Gildea
Congratulations to CBRE’s Patrick Gildea on being named one of Charlotte Business Journal’s 40 Under 40. Read more here.
Flagship Healthcare Properties – Cliff Berryman
Flagship Healthcare Properties (Flagship), a Charlotte-based healthcare real estate firm, has announced its acquisition of a 121,741-square-foot portfolio featuring six Class A medical office buildings (MOBs) in the Charlotte metropolitan area. Three of the MOBs are located in Concord, N.C., with the remaining three in Kannapolis, China Grove, and Locust. The portfolio, which is 91% occupied, is anchored by Cabarrus Family Medicine, part of Atrium Health. The network of family practices and its sub-specialty offices, including sports medicine, orthopedics and rehabilitation, leases over 75% of the total square footage. Atrium Health is one of the leading healthcare organizations in the Southeast and one of the most comprehensive, not-for-profit systems in the country. Cliff Berryman, vice president of investment sales for Flagship represented the buyer. First National Bank provided financing for the transaction.
Legacy Real Estate Advisors – David Tschirhart
Legacy Real Estate Advisors has assisted Traust Brewing Company in securing a new location in the emerging FreeMoreWest area near Uptown Charlotte. Traust Brewing, which will be located directly across from the Lucky Dog Bark and Brew on Thrift Road in Wesley Heights, will feature a Nordic theme. The location will feature a planned 130-space parking area, which is rare among local breweries. The large lot will enable Traust to host large events featuring beer and music. The prospective large outdoor patio will offer an excellent view of Uptown Charlotte. The 10,600 square-foot brewery will also feature a full kitchen and private event space.
Legacy Real Estate Advisors – Greg Godley and Andrew Blumenthal
Legacy Real Estate Advisors brokered the property acquisition at 4237 Raleigh Street in the NoDa area, a 33,000-square-foot warehouse at the Sugar Creek Lynx Blue Line (light rail) station for $5,000,000. Legacy’s Greg Godley and Andrew Blumenthal represented the Buyers, who utilized the recently-enacted Opportunity Zone legislation to close. This is Legacy’s largest Opportunity Zone deal completed to date, and one of the first in the Charlotte market. The Buyer, FOZ 4237 Raleigh LLC, intends to utilize the existing building as an adaptive reuse project, partnering with the existing Station House and Trail Head developments to create a unique mixed-use neighborhood at the Sugar Creek Lynx Blue Line station.
Legacy Real Estate Advisors – Andrew Blumenthal and Scott Fuller
Scott Fuller and Greg Godley with Legacy Real Estate Advisors have collaborated with 5 Point Realty’s Michael Doney on a major residential project in Villa Heights, just north of Uptown Charlotte. The 12.38-acre property sits one block north of The Plaza. Legacy Real Estate Advisors and 5 Points Realty, who have collaborated together multiple times in the past, represented the seller, a private group of investors. Central Living by David Weekley Homes, the high-density division of David Weekley Homes offering luxury living in prime locations, will soon be building new homes in Villa Heights. Located in northeast Charlotte, and priced from the mid $300s, Villa Heights will feature three types of homes: townhomes, paired homes and single-family homes.