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Consolidated Planning JV Acquires Three South Executive Place

Origin Sells 54,125-SF Charlotte Office Investment for $11.3M
February 7, 2018
A joint venture between Consolidated Planning, a strategic business planning firm, and Lat Purser & Associates, Inc purchased the Three South Executive Place office building at 6115 Park South Dr. in Charlotte, NC from Origin Investments for $11.3 million, or about $209 per square foot.

Consolidated Planning will use a portion of the complex to relocate its current headquarters at 4201 Congress St to the 54,125-square-foot property. The date for when the company will be relocating to the building, however, was not disclosed. Consolidated Planning will be joining Wyndham Capital Mortgage, Signature Healthcare and AGDATA.

The property was renovated by the seller shortly after its acquisition of the complex in 2015. Three South Executive Place was 91.4 percent leased at the time of Origin’s disposition.

Three South Executive Place is one of three buildings within the South Executive Park. Of the three buildings, One SouthPark Center is the largest, totaling 143,000 square feet.

Cushman & Wakefield brokered the deal on behalf of both parties. Rob Cochran and Jared Londry represented the seller, while John Christenbury and Keith Bell represented the buyer.

Please see CoStar COMPS #4123389 for more information on this transaction.
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