Mainstreet Capital Partners
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Resource Square IV
Charlotte, NC

Acquisition Date: December 2001
Project Size: 152,000 square feet
Acquisition Cost: $17.4 million
Acquisition Cost
per SF:
Major Tenants: McKesson Information Solutions, Hartford Fire Insurance
Date Sold: March 2007
Buyer: Triple Net
Sales Price: $26 million
Sales Price per SF: $171
Investor IRR: 28%

Deal Highlights:

Resource Square Four is one of five Class A office buildings located within the University Research Park that is designed to be home to more than 3 million square feet of office space. Resource Square has easy access to the two main highways, I77 and I85, leading to the Charlotte CBD and Charlotte Douglas International Airport.

The property was over 90% leased, and Mainstreet executed a lease extension with one of the largest tenants, McKesson Information Solutions.

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