Two of Charlotte’s recently completed 10-story Class A office towers — dubbed Capitol Towers — were sold in late December by Lincoln Harris to buyer Preferred Office Properties for an undisclosed amount.

Located in Charlotte’s South Park submarket, Capitol Towers comprises 477,704 square feet and is 88.5 percent leased. Tenants include Citizens Financial Group Inc., Dixon Hughes Goodman LLP, and J.P. Morgan Chase & Co.

Adjacent to the office towers is retail space leased to Legion Brewing Co. and South Park Grill restaurant, a medical office building housing Novant Medical Group and a seven-story parking deck.

“Capitol Towers was a sought-after investment opportunity drawing significant interest from numerous institutional investors as well as foreign capital sources,” HFF’s Senior Managing Director Ryan Clutter said. “The high quality of the real estate, coupled with the exceptional credit and lease term in the rent roll, was very appealing to investors.”

Preferred Office Properties is an Atlanta-based real estate investment trust established as a subsidiary of Maryland-based Preferred Apartment Properties — the former invests exclusively in Class A office space.

“Capitol Towers represents the culmination of strategic efforts to enter the Charlotte market with scale,” says Preferred Office Properties Chief Executive Officer Boone DuPree, “in a well-located, high quality asset.”

In July 2018, Preferred Office Properties purchased Raleigh’s 559,591 square foot tower, Wells Fargo Capitol Center.

“The sale of these assets continues the longer-term trend of Charlotte and the Carolinas continuing to attract new and notable investment capital to the market,” Clutter says.