Active | Commercial

Coliseum Centre

CHARLOTTE, NORTH CAROLINA​

South Street’s commercial focus is on the fastest-growing submarkets in the nation’s fastest-growing geographic region, the Southeast. The area surrounding the Charlotte International Airport is a particular focal point. In 2020, South Street acquired three of the six office towers in Coliseum Centre. Central to the successful acquisition was bringing a 25,000-square-foot “tenant in tow” into the transaction, raising occupancy to 92%. The current market, where corporations are moving from city center to suburban offices, especially with proximity to airports, enhances the investment outlook.

SQUARE FEET
~ 510 K
WEIGHTED AVERAGE LEASE
5. 2
LEASED
~ 89 %
~$199/SF
$ 102 M+

Three 6-story office buildings, acquired February 2020

PROVIDED BY BROOKFIELD ASSET MANAGEMENT

CONSERVATIVE BALANCE SHEET DEBT (~64% LTV)

MAJORITY OF EXISTING RENTS BELOW MARKET VALUE​

IN-PLACE RENTS ~20% BELOW MARKET

DIVERSE TENANT BASE

South Street Partners takes great pride in our associates and in being a dedicated employer. While job opportunities may not be available at this time, resumes for future employment consideration may be forwarded to careers@southstreetpartners.com. South Street Partners is an Equal Opportunity Employer.

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Presented plans, materials and specifications are subject to architectural and other revisions at the sole discretion of the developer, builder or architect, or as may be requested by law. Floor plans may not be to scale. Any furniture, appliances or decorator ready items depicted herein are shown for artistic and illustrative purposes only and are not included in the purchase and sale of the residence. There are various methods for calculating the total square footage of a residence and the quoted square footage of a unit may vary. All conditions and descriptions of amenities and facilities are subject to the Developer’s continuing quality improvement programs.

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