Development

Looking to buy an office building? This one is for sale uptown

200 South Tryon Street
200 South Tryon Street

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.

Ely Portillo: 704-358-5041, @ESPortillo

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