Update: HFF announced the closing of this sale in August 2018. For a current listing of available commercial real estate properties, please click here to be redirected to our Property Search page.
HFF, on behalf of the owner, is marketing for sale 500 East Morehead, a 178,336-square-foot, newly constructed office asset located in the flourishing Charlotte market. Ideally positioned in one of the Southeast’s top-performing submarkets, Midtown/South End, the property is 98.6 percent leased to an attractive tenant roster anchored by credit-worthy tenants with strong ties to the Charlotte market. This core investment opportunity features exceptional remaining term and is poised for a tremendous long-term outlook as the asset offers an unmatched ability to attract and retain tenants due to best-in-class tenant buildouts, a market-leading amenity package and the market’s premier office location.
500 East Morehead is a generational investment presenting investors with the unique opportunity to acquire Charlotte’s premier mid-rise office asset and obtain a stabilized, cash-flowing investment in one of the country’s fastest-growing markets. Featuring floor-to-ceiling window lines, impressive lobby areas, creative meeting spaces, modern breakrooms, private conference rooms, private patios and attractive executive offices, 500 East Morehead boasts some of the best tenant spaces in the market. Significant tenant investment in the spaces, above the TI packages, has allowed for these extremely attractive buildouts and demonstrates the current tenants’ long-term commitment to the asset. The office building for sale also offers the top amenity package in the Charlotte market that includes a state-of-the-art on-site fitness center; upscale men’s and women’s locker rooms with showers; a shared executive conference room; three shared outdoor terraces with spectacular Uptown views; a 900-square-foot rooftop terrace with views of Uptown, South End and Dilworth; an attached four-level parking deck and three popular restaurants on the ground-level. These competitive advantages allowed ownership to rapidly stabilize the asset and will provide investors with the ability to retain existing tenants and attract new tenants to the property for the long-term.
500 East Morehead is ideally situated at the center of Charlotte’s fastest-growing area with unprecedented access to Uptown, Midtown, South End and Dilworth. While benefitting from this dynamic location, the asset offers seamless ingress/egress with three access points on Morehead Street, Lexington Avenue and Caldwell Street, allowing for free traffic flow for tenants and visitors.
500 East Morehead features a state-of-the-art office building in Charlotte’s most competitive submarket. Investors have the opportunity to acquire the office asset in the tightest submarket in the Southeast with unmatched competitive advantages driving tenant demand, consistently achieving premium rental rates and resulting in above-market occupancy. For more information on the this commercial real estate listing or any other office properties for sale, please contact Ryan Clutter, Scot Humphrey, Chris Lingerfelt or Zack Drozda in HFF’s Carolinas office. To view HFF’s current real estate investment listings, please click here to be directed to HFF’s property search page.