(3.6.18) BRIEF: Office buildings near Huntersville fetch $62.5 million

(MSN, March 6, 2018)

An office park in Huntersville has been sold to an Atlanta-based company for $62.5 million, brokerage firm HFF said last week.

OA Development bought the five-building property called The Park-Huntersville from U.S. Trust. The buildings are located off Interstate 77, just south of Gilead Road.

The buildings total about 396,000 square feet, and are more than 91 percent occupied, HFF said, with tenants including healthcare, technology, and manufacturing. Senior managing director Ryan Clutter, senior director Scot Humphrey, and director Chris Lingerfelt of HFF represented the seller.

“The Park-Huntersville aligns with our successful investment profile,” said Brian Granath, OA Development partner, in a statement.