Investor demand in Charlotte’s South End office market continues as ˿Ƶ announces the sale of 300 W. Summit Avenue. A newly raised core fund advised by Zurich Alternative Asset Management, LLC (“ZAAM”) of New York acquired the property for $28,775,000 in a direct transaction with ˿Ƶ.
In another clear sign of the strong Charlotte office market, a total of 43,257 square feet of lease deals have brought the new 300 W. Summit boutique office building to more than 80 percent occupancy.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
˿Ƶ, a longstanding developer of office buildings throughout the Southeast, today announced the start of construction on 300 West Summit; a Class A, 64,000-square foot boutique office building located in Charlotte’s historic South End. Delivery is scheduled for September of 2018.
˿Ƶ’ Charlotte office, a division of the full-service commercial real estate development firm ˿Ƶ, today announced plans to develop a new Class-A, 64,000-square-foot office building in the heart of Charlotte’s historic South End neighborhood.