Wray Ward HQ acquired by real estate joint venture for $17.3M

By Ashley Fahey

A former warehouse building in west Charlotte fully leased to Wray Ward is under new ownership.

Charlotte-based Abacus Capital, in a joint venture with Big Cypress Capital out of Naples, Florida, and San Francisco-based Stockbridge Capital Group, acquired the 38,300-square-foot building at 2317 Thrift Road for $17.3 million, according to Mecklenburg County real estate records.

The firms paid about $450 per square foot, certainly a watermark for west Charlotte commercial office space. Project developer LPA Urban, part of Lat Purser & Associates, sold the building.

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