CHARLOTTE, NC-Starwood Capital and Vision Equities are reportedly close to buying the One Wells Fargo office tower here, according to multiple published reports.
Greenwich, CT-based Starwood Capital and Vision Equities of Mountain Lakes, NJ are expected to buy the 42-office tower that was the former headquarters of Wachovia Corp., according to the Charlotte Observer.
Azrieli Group Ltd., agreed to buy One Wells Fargo for $245 million last year, but the deal never closed.
CBRE Group Inc. is marketing the tower, owned by an affiliate of Childress Klein Properties. Wells Fargo & Co. is the largest tenant, occupying roughly 689,000 square feet of the building that boasts 981,678 square feet of rentable pace.
CBRE’s Ryan Clutter, who is handling the sale, declined comment on the possible sale of the property to the Starwood-Vision venture. See story in the Charlotte Observer.