CHARLOTTE-The $245-million deal to acquire the 42-story One Wells Fargo Center office building here by a partnership of Starwood Capital Group of Greenwich, CT and operating partner Vision Equities of Mountain Lakes, NJ has closed.
The two firms agreed to purchase the office tower back in February from an affiliate of Childress Klein Properties, according to the Charlotte Business Journal. The former headquarters building for Wachovia Corp., totals nearly 1 million square feet. The property is 98% leased with Wells Fargo as its largest tenant.
Ryan Clutter, Patrick Gildea, Jay O'Meara and Will Yowell of CBRE represented the seller in the transaction. Hal Kempson and Compie Newman in the Charlotte office of CBRE and Jeff Ackemann in CBRE's Atlanta office helped the Starwood/Vision Equities partnership in securing a $175-million loan from Wells Fargo. See story in the Charlotte Business Journal.
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