CBRE Arranges $68.3 Million Refinancing for The Nexus and Hub at Waverly in Charlotte

CBRE has arranged a $68.3 million refinancing for The Nexus and Hub at Waverly, two Class A office buildings totaling 312,738 sq. ft. within the 90-acre Waverly mixed-use development in Charlotte.

CBRE’s Nate Sittema and Will Chapman arranged the five-year permanent loan on behalf of the borrowers, Childress Klein Properties and Ascentris Real Estate Private Equity. The financing was provided by a life insurance company.

Located at 6325 and 6210 Ardrey Kell Road, The Nexus and Hub are two six-story office buildings. The Nexus, located at 6325 Ardrey Kell Road, totals 157,383 sq. ft., while The Hub, located at 6210 Ardrey Kell Road, totals 155,355 sq. ft. Completed in 2019 and 2017, respectively, the LEED-certified buildings feature floor-to-ceiling windows, flexible floorplates of approximately 26,000 sq. ft. and structured parking.

“The Nexus and Hub at Waverly embody the best of suburban office development, with high-quality buildings and a pedestrian-friendly, mixed-use environment that continues to attract office users,” said Chapman. “The combination of the properties’ quality, strong tenancy and exceptional sponsorship made this a compelling financing opportunity.”

The properties are part of Waverly, a 90-acre mixed-use development in South Charlotte that features 250,000 sq. ft. of retail anchored by Whole Foods Market, more than 40 restaurants, shops, fitness and wellness offerings, a 140-room Hilton Garden Inn & Conference Center, the 375-unit Lantower Waverly apartment community and 140 single-family homes and townhomes. The development’s uses are connected by tree-lined streets and sidewalks, creating a pedestrian-oriented environment for office tenants, residents and visitors.

The Nexus and Hub benefit from their location in Charlotte’s I-485 South office submarket and proximity to Providence Road and I-485. The portfolio has maintained an average occupancy of 96.5% since 2020, reflecting continued tenant demand for well-located, high-quality office space.