| Acquisition Date: |
July 2007 |
| Project Size: |
152,000 square feet |
| Acquisition Cost: |
$22.4 million |
Acquisition Cost
per SF: |
$147 |
| Major Tenants: |
IRS, The Hartford, Amerisure Insurance Co. |
Deal Highlights:
A 5-story Class A office building, Resource Square Five is located in Charlotte’s University Research Park, and is a sister building to Mainstreet’s former acquisitions, Resource Square Three and Four. Resource Square Five has a 35% vacancy rate, including 32,000 sf of contiguous space. University Research Park is a master-planned, 100-acre office park located north of Charlotte’s uptown in the thriving and expanding University submarket that has attracted leading corporations such as Wachovia and BellSouth.
|
|
