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615 South College (Portman Office Tower near Westin)


CarolinaDaydreamin

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from the Business Journal this afternoon evidently 615 South College is under contract to be sold by Portman and the price could shatter records for Charlotte office buildings per sq foot which is lagging Atlanta for example.

""Real estate sources say 615 South College will be acquired for north of $500 per square foot, which will set a significantly higher record for office sales in the CBD. That will subsequently impact pricing for all office product, even for some of the older buildings in town.""

subscriber article https://www.bizjournals.com/charlotte/news/2018/06/01/upcoming-office-sales-in-uptown-charlotte-expected.html?ana=e_du_prem&s=article_du&ed=2018-06-01&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1527881638&j=81912551

Photo by KJ recently 615 is to the right of course.  

IMG_9204.JPG

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615 South College sold by Portman for the HIGHEST price per square of any uptown office tower over $600 a sq ft to LA based CBRE.     https://www.bizjournals.com/charlotte/news/2018/06/20/uptown-tower-sells-setting-record-price.html?ana=e_clt_bn_breakingnews&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1529524142&j=82250361

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59 minutes ago, KJHburg said:

615 South College sold by Portman for the HIGHEST price per square of any uptown office tower over $600 a sq ft to LA based CBRE.     https://www.bizjournals.com/charlotte/news/2018/06/20/uptown-tower-sells-setting-record-price.html?ana=e_clt_bn_breakingnews&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1529524142&j=82250361

Awesome.  Time for them to build another!

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I stand corrected only $590 a square foot still enough to SHATTER the price per sq foot record in uptown Charlotte for an office tower.

http://www.costar.com/News/Article/$222-Million-Sale-of-Charlotte-Office-Tower-Sets-Market-Record/202079

Now if KJ could get that for my house per square foot I would hire an assistant to keep my UP posts flowing. 

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