The owners of an uptown office building are seeking buyers, according to an announcement from a Charlotte real estate brokerage.
Located at South Tryon and Fourth streets, 200 South Tryon is for sale. Cushman & Wakefield’s local office, along with online real estate platform Ten-X, are marketing the property, according to an announcement Thursday.
The 17-story office building includes McCormick & Schmick’s on the ground flooras well as Hazelnuts Creperie Cafe and a dentist’s office. The building, which is mostly office space, is 85 percent occupied.
The building is owned by a company affiliated with Florida-based LNR Property, Inc. The company acquired the building in 2013 for $18.5 million in a foreclosure sale, according to Mecklenburg County real estate records. The owners have put in $2 million worth of improvements since then, including to common areas and restrooms, according to marketing materials.
Townsquare Media is the biggest tenant, occupying about a quarter of the building. Charlotte Center City Partners, the prominent group that promotes uptown and South End, is also located at 200 South Tryon.
A future owner could further renovate the building, including adding retail or a rooftop amenity for tenants on the fifth floor.