Lincoln Harris and Goldman Sachs Asset Management have sold Legacy Union SIX50 to Highwoods Properties for $203 million. The 367,000-square-foot building is located at 650 South Tryon in Charlotte's Uptown central business district.
The company's total investment includes $5.2 million of anticipated leasing capital expenditures to bring the property to stabilization and is net of $3.7 million of free rent and other rent-related credits received at closing.
The 18-story building features a cantilevered glass façade, covered executive parking and access to dining, retail, light-rail transit and other amenities in the surrounding Brooklyn Village Avenue Corridor. The building is leased to tenants such as Deloitte, Cadwalader Wickersham & Taft, and JLL.
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