CHARLOTTE-The Meridian Group, a national investment player based in a Washington, D.C. suburb, is the new owner of the 11-building, 1.9 million sf IBM office, warehouse and manufacturing campus in this city’s northeast submarket.

The $90.3 million price equates to $47.53 per sf for the 230-acre asset in the 3,200-acre University Research Park.

IBM remains as the lead tenant. The deal is one of the area’s largest of its kind this year, according to Lane Holbert, Bailey Patrick and Ned Curran, the local Grubb & Ellis/Bissell Patrick brokers who handled the transaction.

Meridian, of Bethesda, MD, plans to upgrade offices and add to existing parking facilities. Meridian selected Trammell Crow Co. to lease and manage the building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.