Monday, July 23, 2012
Wednesday, July 18, 2012
Merrifield Patrick Vermillion, LLC has sold two medical office buildings in Cornelius for $10.75 million.
Novant Medical Group anchors the the buildings, known as Jetton Medical and located at 19475 and 19485 Old Jetton Rd.
The buildings were developed by Merrifield Partners and finished in 2007. Mark Newell represented the seller.
Tuesday, July 17, 2012
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."
Developers have announced yet another new apartment complex for the Charlotte area.
Perimeter Lofts, a 246-unit apartment community, is being developed in the Northlake area, about 10 miles north of uptown.
The developer, Wood Partners, is building the complex on 10.6 acres at 10110 Perimeter Parkway. It will consist of two four-story buildings and six carriage buildings and offer a mix of flats, lofts, and what it calls direct access "brownstone" units.
Leasing is expected to start in January and construction will be finished by July 2013.
Wood Partners director Carter Siegel said in a statement the residents will "experience a resort like environment created by the two connected courtyards with multiple pocket parks and lawns" and an oversized pool area.
The apartments will be across the street from Northlake Mall and visible from Interstate 77. Amenities will include a clubhouse, cyber cafe, movie and game room, salt water pool with outdoor cabanas, grilling areas, dog park, pet spa and care center.
A growing number of developers have announced intentions to build new apartments in the Charlotte area. They believe there is a growing number of potential renters as people shy from the weak housing market.