- Associated Press - Thursday, March 2, 2017

CHARLOTTE, N.C. (AP) - A real estate investment firm has completed the biggest deal in Charlotte history by paying $1.2 billion to purchase an office park.

The Charlotte Observer reports (https://bit.ly/2mQOS8D) Northwood Investors paid the record figure to buy Ballantyne Corporate Park. Some 40 deeds filed with the Mecklenburg County Register of Deeds detail the sale in which the New York-based investment firm bought more than 4 million square feet of office space, four hotels and the Ballantyne Golf Club.

The sale closed Wednesday.

In 2016, One Wells Fargo Center, an office building in Charlotte’s uptown, sold for $284 million to set a record at the time.

Northwood Investors hasn’t said what changes it plans to make at the office park.

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Information from: The Charlotte Observer, https://www.charlotteobserver.com


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