CHARLOTTE, NC-An affiliate of the Adler Group has agreed to acquire the six-building Carmel Executive Park here from Pizzagalli Properties.
Miami-based Adler Group is scheduled to close on the purchase of the park, which features a total of 223,850 square feet of office space, by Sept. 1. Representatives of the Adler Group were expected to visit the property and meet with tenants this week as part of the firm's due-diligence efforts, according to the Charlotte Business Journal.
No purchase price for the property that is 95% leased was reported.
Carmel Executive Park was developed by Pizzagalli, which is headquartered in Burlington, VT. Its tenants include International Paper Co., JPMorgan Chase & Co., Liberty Mutual Insurance, PNC Bank, Sonoco Products Co., The Timken Co., Union Central Life Insurance Co. and Western-Southern Life Insurance Co. See story in the Charlotte Business Journal.
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