CBRE Facilitates Sale of Trophy Office Tower in Charlottes Central Business District

CBRE announced the sale of 440 South Church Street, a 388,657-sq.-ft., Class-A office tower located at the intersection of Uptown’s business and cultural district and Charlotte’s South End, to a partnership between Town Lane and Trinity Capital Advisors.

CBRE’s Patrick Gildea and Matt Smith represented the seller in the transaction. CBRE’s Debt & Structured Finance team, JP Cordeiro, Mike Ryan, and Brian Linnihan, is providing financing for the acquisition.

Constructed in 2009 with minor renovations in 2022, 440 South Church Street is a 15-story, LEED Gold-certified high-rise featuring efficient 28,200-sq.-ft. floorplates, floor-to-ceiling glass, and an architectural blend of glass and concrete panels. With a current occupancy of 47%, the property offers one of the most attractive blocks of contiguous vacancy in the Charlotte CBD.

“440 South Church Street represents the caliber of well-located, institutional-quality office assets that continue to attract strong investor interest,” said Patrick Gildea, Vice Chairman, CBRE. “This process reflects the resurgence of capital targeting value-add, high-quality office opportunities in dynamic urban markets like Charlotte.”

The property offers direct access to more than 25 restaurants within two blocks, premier hotels including the J.W. Marriott and Grand Bohemian, and cultural institutions such as the Knight Theater, The Mint Museum, and Romare Bearden Park. The building is also within walking distance of the LYNX Blue Line and major sports and entertainment venues including Bank of America Stadium, Spectrum Center, and Truist Field.

Charlotte’s CBD continues to be a magnet for investment, with significant capital flowing into transit infrastructure, public spaces, and cultural amenities. These enhancements are fueling tenant demand and reinforcing the district’s position as the city’s largest employment hub.