Cushman & Wakefield and Lincoln Harris Represent Clients in a 22,000 SF Office Lease
and Recapitalization of 700 East Morehead
CHARLOTTE, NC, August 1, 2017 – Cushman & Wakefield would like to announce Charlotte Radiology as the newest tenant at 700 East Morehead, signing a 10-year lease for 22,000 SF in the heart of Midtown. The building has also been recapitalized providing value for the building shareholders.
Cushman & Wakefield Executive Director, Jessica Brown, represented the landlord, Harris Development Group LLC, and Jubal Early and Marshall Williamson of Lincoln Harris represented Charlotte Radiology in the transactions. Says Brown, “Our team and Lincoln Harris led with solving Charlotte Radiology’s office space needs. At the same time, we recognized an opportunity through recapitalization of the asset that would be accretive to value for the existing owners as well as Charlotte Radiology. This is a rare opportunity in Midtown, and given the success of 700 E Morehead since its delivery in 2008, it provided the opportunity to further enhance its value into the future.” Adds Steve Harris, “Partnering with Charlotte Radiology in ownership, coupled with a long term lease, provides the ownership group a solid and stable investment in one of Charlotte’s most desirable office corridors for years to come.”
Charlotte Radiology is one of the largest radiology groups in the nation, employing 100 radiologists and serving Mecklenburg and surrounding counties since 1967.
Given the demand in the submarket, Brown is also marketing 150 Providence in Myers Park, a 43,000+ SF boutique office opportunity delivering 3Q 2018. Available for preleasing now.