Cousins Properties plans to acquire Vantage South End, a lifestyle office property in Charlotte, for $328.5 million. This transaction is expected to close in December, pending customary closing conditions.
Vantage South End, located in the vibrant South End submarket, features two 11-story office towers that were completed in 2021 and 2022. Currently, the property boasts a 97% occupancy rate with a weighted average lease term exceeding nine years.
The acquisition strengthens Cousins Properties' footprint in Charlotte, placing it just two blocks away from its existing RailYard property and its South End Station development parcel. This prime location not only offers direct access to transportation hubs but also positions Cousins within a growing cluster of valuable assets in a high-demand area.
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
Already have an account? Sign In Now
*May exclude premium content© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
