Cushman & Wakefield has arranged the $12.6 million sale of Forest Park IV, a 69,831-square-foot, fully leased office building located in Charlotte, North Carolina. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield represented the seller, Stream Realty Partners, in the transaction. Highland Ventures acquired the property.
Forest Park VI is a Class A, single-story office building featuring high-density parking and work areas. The building is located at 8215 Forest Point Boulevard, near the interchange of Interstate 77 and Interstate 485, within the highly regarded Forest Park development. Forest Park is comprised of eight attractively designed office buildings as well as several hotels and restaurants.
“Forest Park has historically been dominated by high-density, single-tenant office users,” Ashton said. “Stream did a fantastic job repositioning Forest Park VI into a multi-tenant office building to accommodate mid-size office users who previously had limited options in Forest Park. The stable rent roll, extensive base–building capital improvements and modern tenant build–outs made Forest Park VI an attractive long-term investment for the Buyer.”
Forest Park VI tenants include Camso, Paychex and Lending Tree.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.