Shorenstein Properties acquires office campus in Charlotte

Shorenstein Properties has acquired a 450,000-square-foot commercial office property from Westcore Properties at 6800 Solectron Drive in Charlotte. Terms of the transaction were not disclosed.

Located in Charlotte’s University City submarket, the property is situated among one of the city’s most populous corporate hubs and sits directly across the street from Innovation Park, the nearly 2 million-square-foot campus originally occupied by IBM. Home to nearly 25 Fortune 500 companies, the area comprises more than 4 million square feet of office space for businesses that operate across a broad range of industries, including technology, energy, finance and healthcare. With access to I-85, I-485 and the new Lynx light rail extension — in addition to being a short 20-minute drive from Charlotte Douglas International Airport — 6800 Solectron provides unparalleled access to the greater Charlotte region and the evolving University City community.

Originally designed to meet IBM’s highest quality standards for manufacturing and office uses, the property was 100 percent leased to Flextronics up until 2018.

Shorenstein intends to extensively redevelop the property into a high-quality class A office project with outdoor amenity space, increased parking capacity, and enhanced access to surrounding roadways.