CHARLOTTE, NC-Azrieli Group has reached a contract to purchase One Wells Fargo Center, a 985,315-square-foot property at 301 S. College St. in uptown Charlotte, from a subsidiary of Childress Klein Properties. The Israeli real estate firm agreed to pay $245 million for the 42-story tower.
Azrieli is on the process of securing $160 million in financing for the deal. Wells Fargo & Co. leases 70% of the tower, which is 97.8% occupied. CBRE Group Inc. is marketing the building. For the full story, go to Charlotte Business Journal .
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