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Tuesday, January 06, 2009 Office
Ryan Clutter of CB Richard Ellis' Charlotte office represented CPA in the deal while CIP handled negotiations in-house. The business park contains 162,763 square feet and nine single-story office/flex/warehouse buildings. Built in 1984 on 15.19 acres, the property is 72 percent occupied and is home to tenants such as NASCAR Images, Alvacor, Inc., Pomeroy IT Solutions, CRA Services, The Johnson Group and Davidson Media Group. CIP plans to rename and re-brand the property as the Charlotte Commerce Center. The company also plans to renovate the exterior of the building and complete the renovations by the end of the year. Clutter is an investment sales specialist in CBRE's Investment Properties Group in Charlotte and specializes in office and industrial properties. Prior to that, he was a member of the company's Carolina Corporate Services Group. He has been with CBRE since 1996 and was recently involved in the $171 million sale of Charlotte's Piedmont Town Center, a 488,589 square foot mixed-use property. Address: 4101 Stuart Andrew Blvd., Charlotte, N.C. Size: 162,763 square feet Built: 1984 Filed Under: Office E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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