Mainstreet Capital Partners
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Resource Square Five
Charlotte, NC


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.

 
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