BECO Management, a Maryland-based real estate services firm, acquired three office properties in Charlotte for $7 million, or about $37-sqft.
The office buildings on Charlotte Park Drive total about 187,000-sqft and were 88 percent, 27 percent and zero percent leased at the time of sale. The properties were previously on the auction market but no sale went through, according to CoStar information. David Lampke of Faison Enterprises represented the seller, LNR Partners.
Charlotte Park is a three building office park situated in a campus setting, directly off of Billy Graham Parkway. Each building is constructed with split-faced concrete and double pained tinted glass exterior. Each lobby is adorned with granite flooring and local artwork. One features an elegant staircase, while another has two balconies overlooking a 3-story atrium with a skylight.
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