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Beacon Acquires Arrowpoint Office Park

Portfolio of 3-Bldgs. Trades for $21 Million in I-77 Corridor
By Andrew Musser
June 13, 2006 | 1:30 P.M.

Beacon Partners, a Charlotte-based commercial development and acquisition firm, added three Class A office buildings to its portfolio this month. With the purchase of Arrowpoint Office Park, Beacon captured another 240,337 square feet of office space in the Charlotte market. Faison & Associates sold the complex for $21.05 million, or approximately $88 per square foot. The office park was 73.6% occupied at the time of the sale.

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