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Sign in Sign up for a FREE subscriptionGoldman Sachs JV sells corporate HQ in Charlotte, N.C.
A fund managed by the real estate business within Goldman Sachs Asset Management, along with Lincoln Harris and Honeywell International Inc., have sold the 374,000-square-foot Honeywell Global Corporate Headquarters at Charlotte, N.C.'s, Legacy Union mixed-use development to PRP Real Estate Investment Management.
Begun in 2019 and opened earlier this year, the 23-story building is home to the global headquarters of Fortune 100 technology company Honeywell International Inc. The company comprises all but one floor of the office space in the brick and glass building, which also features ground-floor retail and 12 levels of dedicated parking. Honeywell is in the first year of its 15-year lease at the building, providing significant appeal for a long-term investor like PRP.
"Despite the challenges of COVID, the partnership between Goldman Sachs, Lincoln Harris and Honeywell enabled us to create a unique asset that is one of the smartest office buildings in the wor
