Tuesday, July 17, 2012

Carolinas AGC selling its three buildings in Dilworth

The Carolinas AGC is selling three office buildings in the heart of Dilworth.

The local chapter of the Associated General Contractors of America is selling six parcels bordering Euclid, Lexington and Templeton avenues. The site consists of nearly 40,000 square feet spread over three office buildings on less than 3 acres. The property is one block from Morehead Street and one block from South Boulevard.

Merrifield Patrick Vermillion, LLC has been hired to market the property.

Cynthia Mills, Carolinas AGC President and CEO, said in a statement: "Our association has experienced dramatic changes over the past decade due in particular to advances in technology." 

The group, she said is implementing a new strategic plan that includes disposing of the properties and relocating to a new building in Charlotte.

"As attractive as this site is, it no longer meets our needs," she said.

Bailey Patrick and Stephen Woodard are the lead brokers. Patrick said they are excited about the opportunity the site could present for office users as well as office, institutional and multifamily developers looking for "prime infill real estate."


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