The Westcore Properties entity that acquired the building was Westcore Charlotte, LLC. Purchase financing was provided by Bank of America. Flextronics International will continue to occupy the building.
Dan Hollingsworth and Steve Pace, of CPS/Corfac International represented both Westcore Properties and Flextronics International. Flextronics is an electronics manufacturing services provider that provides design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile original equipment manufacturers.
"Flextronics' strong credit, combined with the long-term nature of the lease and low price per sf, make this investment attractive," says Westcore Properties director of acquisitions Neil Johnson.
Formed in 2000, Westcore Properties has invested in more than $2.2 billion worth of properties totaling more than 10 million sf. The company has regional offices in Los Angeles, San Francisco and Denver, and a European office in Lausanne, Switzerland.
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