The company sold an 80,250-sf building at 4901 Dwight Evans Rd.for $3.15 million or $39.25 per sf to a partnership of localcontractor Joe Mann and Jim Plyler of AAC Real Estate Services Inc.Charter also sold two buildings totaling 60,180 sf to AllisonHoldings II for $4.65 million or $77.26 per sf. The buildings areat Woodridge Center off Billy Graham Parkway. Both transactionswere brokered by Maxwell Hanks of Colliers Pinkard inCharlotte.

In a published report, Charter president Tom Hunter says hisstrategy of focusing solely on multifamily projects has allowed thecompany to downsize from more than 100 people 10 years ago to about50 without diminishing profits or returns to investors. Charterlimits its development efforts to the Charlotte and ResearchTriangle areas. Charter also owns Albemarle Square, a shoppingcenter on Albemarle Road.

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