The Atlanta office of Hines announced that a subsidiary of Hines-Sumisei U.S. Core Office Fund LP has acquired Charlotte Plaza in Charlotte, N.C., from an undisclosed seller.

The value of the transaction was undisclosed.

Charlotte Plaza is a 27-story, class A office tower located within the Overstreet Mall in the downtown submarket of Charlotte, N.C. Charlotte Plaza contains approximately 625,000 rentable square feet and was completed in 1981. The building was 98 percent occupied at the time of sale, with tenants including Wachovia, Grant Thornton, Hewitt Associates and Robert Half International.

The Core Fund is an investment vehicle organized by Hines and Sumitomo Life Realty (N.Y.), Inc. to acquire a geographically diverse portfolio of core office buildings in the U.S. Hines represented the Core Fund in the transaction, and Hines will assume management and leasing responsibilities at the property.

Including this acquisition, the Core Fund owns interests in a portfolio of 22 office properties throughout the U.S. consisting of approximately 11.9 million square feet of rentable area.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription