Exeter Property Group has purchased a 67,949-square-foot, vacant, value-add office building in Charlotte, N.C. A sales price was not disclosed.
JLL Capital Markets represented the seller.
Situated on 4.35 acres at 5815 Westpark Drive, the building is in an infill location and conveniently located next to Interstate 77, which, as Charlotte’s most travelled interstate, provides connectivity to the entire Charlotte MSA. Additionally, proximity to Woodlawn Road, South Boulevard and Tyvola Road provide easy access to Charlotte’s urban core, the surrounding residential communities and Charlotte-Douglas International Airport. Completed in 1984 and renovated in 1996, the two-story building features highly flexible floorplans stemming from its previous architectural tenant; a two-story glass-lined entrance and lobby area; private meeting and conference rooms; and a blend of creative workspace mixed with private offices.
“Vacant office buildings in an infill locati
