1515 Montford Park Sells for $22.75M in Charlotte
1515 Montford Park, a 10-story, 123,115-square-foot office building at 1515 Mockingbird Ln in Charlotte, has sold for $22.75 million following a major renovation.
The office building at 1515 Mockingbird Ln in Charlotte has sold for $22.75 million. The 10-story, 123,115-square-foot property, known as 1515 Montford Park, was repositioned by Grubb Properties.
Grubb acquired the 109,674-square-foot property in 2015 for $8.2 million, announced a roughly $25 million renovation in 2017, and in 2019 secured a $30.3 million bridge loan arranged by Greystone and originated by Timbercreek Asset Management.
Amenities include an outdoor terrace and an amenities lounge on the fifth floor. Tenants also have access to a fitness center and bike room at the adjacent 4601 Park Road building. Pfeiffer University Charlotte pre-leased space in the building.
- Address
- 1515 Mockingbird Ln, Charlotte, NC 28209
- Units
- 1
- Floors
- 10
- Sq ft
- 123,115
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