A buyer is eyeing uptowns One Wells Fargo Center and may close on a sale in April, real estate sources told the Observer.
Starwood Capital Group and Vision Equities are expected to buy the 42-story tower, the former Wachovia Corp. headquarters, say people familiar with the transaction.
Connecticut-based Starwood has been active in the area lately. Earlier this year it said it bought the LakePointe Corporate Center III and LakePointe Corporate Center V buildings off West Tyvola Road as part of a larger deal where it bought office properties throughout the Southeast.
Officials with Starwood did not immediately respond to a request for comment.
An Israeli real estate firm, Azrieli Group Ltd., had agreed to buy One Wells Fargo for $245 million last year but the sale never closed.
CBRE Group Inc. is marketing the tower, owned by an affiliate of Childress Klein Properties. Wells Fargo & Co. is the largest tenant, occupying roughly 689,000 square feet, or 70 percent of the building.
CBREs Ryan Clutter, who is handling the sale, declined to comment on a possible sale.
But Clutter said in general he is continuing to see strong interest among investors for office properties in Charlotte and the Carolinas. He said he expects sales in 2013 will build on last years record year. Last year, uptown office property sales posted their best year, measured by volume.
"Investors have identified the Carolinas as a strong growth market that will continue to attract jobs and companies ," Clutter said. "Investors in office buildings will follow job growth and Charlotte is one of the stronger job creators in the Southeast right now.
When the tower opened in 1988, it was the tallest building in the state and the citys first postmodern high-rise. With a rounded, arched top, the tower is sometimes referred to as the jukebox building.
The building was developed by Trammell Crow Co. and Norfolk Southern but ownership later transferred to former executives Fred Klein and Don Childress, who formed their own firm, Childress Klein.
The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.
Have a news tip? You can send it to a local news editor; email firstname.lastname@example.org to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.Read moreRead less