CHARLOTTE, NC-Parkway Properties Inc. based in Orlando, Florida, has inked an acquisition deal for 525 North Tryon, an office building measuring 406,000 square feet in uptown Charlotte. The property, previously called as the Odell building, is under contract for a price of $47.4 million. An affiliate of Garrison Investment Group and Gramercy Capital Corp. are the joint owners of the tower situated on North Tryon and West Ninth streets.

Parkway is also acquiring office properties in Atlanta and Houston. For the full story, go to Charlotte Business Journal .


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.