Development

Grinnell Water Works building hits the market

Grinnell Water Works exterior
Grinnell Water Works exterior

A former industrial building converted to offices west of uptown is for sale.

The Grinnell Water Works building on West Morehead Street is being marketed by Cushman & Wakefield’s Charlotte office. The 51,949 square-foot building still has many features dating to its past life, including “exposed brick and roof structures, oversized industrial windows, skylights providing abundant natural light, and the original industrial sliding doors that date back to the 1930s,” according to marketing materials. Ceilings are 25 to 30 feet tall.

The building, which is 100 percent occupied, is in the fast-changing West Morehead corridor, an area that’s been branded as FreeMoreWest. New restaurants nearby include hip places such as Rhino Market, and Pinky’s is a popular draw, with its rooftop Volkswagen. New apartments and the Bryant Park development are drawing new residents to the area as well.

The building was constructed 86 years ago and redeveloped into office space meant to attract creative tenants in 2001. Charlotte-based Insite Properties owns the Grinnell Water Works. Real estate records show the firm bought the office building in 2011 for $6.95 million.

Ely Portillo: 704-358-5041, @ESPortillo

  Comments