Development

SouthPark-area building sold for $8.5 million

A SouthPark-area office building has sold for $8.5 million, Trinity Partners said Tuesday.

Chicago-based private equity investor Origin Capital Partners bought the Three South Executive Park building, on Park South Drive. Real estate records show the seller was a private partnership registered in California.

The building is 86 percent occupied, with tenants including Signature Healthcare and Wyndham Capital Mortgage.

“We have been talking with the Origin team for quite some time about their interest in Charlotte,” said Dunn Mileham, Trinity’s director of investment sales, in a statement. He represented the seller. “They have gotten up to speed on our market very quickly, and recognized SouthPark as a premier investment submarket.”

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