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Charlotte Office Tower Fetches $47M

CHARLOTTE, NC-Parkway Properties Inc. has paid $47.4 million to buy 525 North Tryon, an office tower with roughly 406,000 square feet of rentable space in uptown Charlotte.

By GlobeSt News Hub | Updated on December 17, 2012

CHARLOTTE, NC-Parkway Properties Inc. has paid $47.4 million to buy 525 North Tryon, an office tower with roughly 406,000 square feet of rentable space in uptown Charlotte. A joint venture between an affiliate of Garrison Investment Group and Gramercy Capital Corp. was the seller of the building, where an 117,969-square-foot space is available for occupation at an asking rent of $22 per square foot.

Cushman & Wakefield

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