CBRE Investment Management Fund acquires responsive office property in Charlotte

The CBRE Strategic Partners U.S. Value 9 fund has acquired The Line, a 314,221-square-foot, recently constructed office building in the South End neighborhood of Charlotte, N.C., through a joint venture agreement with Portman Holdings.

The financial terms and seller were not disclosed.

Located at 2151 Hawkins Street, the class A property is aligned with the firm’s commitment to investing in high-quality office assets in strong-performing markets that have shown resiliency in the headwinds of the global pandemic.

The Line is a newly completed, 16-story responsive office building that features an abundance of shared working spaces, a sky lobby, an exclusive amenity terrace for tenants, open-air plaza, green shared lawn, multiple outdoor decks, bike room, lockers, showers, covered parking, electric car charging stations and 24,000 square feet of retail space. The LEED Silver- and Fit Well–certified property benefits from various wellness aspects including 24/7