Holliday Fenoglio Fowler, L.P. (HFF) announces the refinancing for 300 South Brevard, a 358,855-square-foot, Class A office building in Uptown Charlotte, North Carolina.
The HFF team worked on behalf of the borrower, Stream Realty Partners, L.P., to secure the four-year, floating-rate loan through PCCP, LLC.
300 South Brevard is located in the heart of Uptown strategically positioned adjacent to the Lynx Blue Line’s 3rd Street Station and within a block of the Charlotte Transit Center. The property is connected via a covered walkway to Overstreet Mall, which is a network of skywalks providing accessibility to numerous retail and dining options through Uptown. Additionally, the 15-story office tower is adjacent to the Charlotte Convention Center, which attracts more than half a million visitors each year; and is across the street from the NASCAR Hall of Fame, as well as being proximate to numerous demand drivers in downtown Charlotte. Recent renovations focused on establishing a collaborative, modern office setting that will appeal to young professionals as well as improving the property’s efficiency. Updates were made to the lobby, elevator tower and building façade, among others, and new ground floor and lobby level retail spaces were added along with an outdoor terrace and patios. 300 South Brevard also offers tenants parking in a five-level, 552-space parking structure.
The HFF debt placement team representing the borrower included senior managing director Travis Anderson, senior director Cory Fowler and associate John Gavigan.
“Stream has done a phenomenal job revitalizing an old, tired building into modern, sleek office space to attract the growing pool of talent in Charlotte,” Fowler said.
“We believe Stream is positioned to take advantage of Charlotte’s growth, which has seen a lot of success in the office sector, especially in Uptown,” added Anderson.
About Stream Realty Partners
Stream is a national commercial real estate firm with 12 locations across the country. The company's full-service offerings cover the broad spectrum of leasing, management, development, investment, construction and investment sales services. In addition, Stream specializes in sourcing investmentopportunities for the firm and its clients. Since its formation in 1996, Stream has executed $3.1 billion of acquisitions and developments totaling 27 million square feet of office, industrial, data center and retail properties. Stream currently leases and/or manages over 130 million square feet across the nation, including 16 million square feet of owned properties. Visit www.streamrealty.com.
About PCCP, LLC
PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has over $6.5 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco and Los Angeles, PCCP has a 20-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has successfully committed over $16 billion of capital since inception through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visithfflp.comor follow HFF on Twitter@HFF.
