Stan Johnson Company Completes Sale of $12M iQor US, Inc. in Charlotte, North Carolina
Atlanta, GA – November 17, 2016 – In a deal that highlights the growing demand for net lease office facilities, Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the $12 million sale of a 76,899 square-foot free-standing single tenant office and call center, located at 14401 Carowinds Boulevard in Charlotte, North Carolina. The facility is leased to iQor, one of the world’s largest business outsourcing companies, on a long-term basis.
Located in the actively growing Airport Submarket in southwest Charlotte, the property is in immediate proximity to I-77 and I-485, providing superior commuter connectivity to surrounding amenities, the CBD of Charlotte, and South Carolina. Additionally, the property is just 7 miles from Charlotte Douglas International Airport – the world’s 8th most trafficked. iQor operates its largest business services operation in Charlotte with over 1,000 agents handling more than 11 million calls per year. It recently outgrew its old space in what is now the Belk Headquarters building on West Tyvola.
“This transaction represents the increasing investor appetite for suburban office near primary market centers. Our client saw an opportunity to fill an underserved need for office space with high parking ratios in the Charlotte MSA, and delivered with a quality, long-term leased, redeveloped asset which was well-received by the market,” said Britton Burdette, a Director in Stan Johnson Company’s Atlanta office. Burdette represented the developer in the disposition of the property.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses exclusively on single-tenant net lease transactions involving retail, office, industrial, healthcare and sale-leaseback properties. The firm provides acquisition, disposition, capital markets and advisory services for institutions, developers, investment funds and private investors across the United States. Now in its fourth decade of serving as a trusted advisor to its valued clients, Stan Johnson Company has completed more than $20 billion in transactions nationwide and is regarded as the Net Lease Authority®. To learn more about Stan Johnson Company, please visit the recently enhanced website at www.stanjohnsonco.com.