Development

SouthPark building sold for $4.15 million

4611 Sharon Road
4611 Sharon Road

An office building in SouthPark has been sold for $4.15 million, brokers said Wednesday.

The sale of 4611 Sharon Road, at Sharon and Coltsgate roads, closed Jan. 29. Ferncroft Capital bought the building from Springs Investment LLC. The building’s tenants include office users.

“4611 Sharon Road offers one of the most prominent locations in SouthPark, with excellent visibility and accessibility,” said Patrick Gildea, who led the sale for CBRE along with Anne Johnson and Bryan Crutcher. CBRE said the SouthPark submarket has seen rents increase 13 percent in the last year as population and new construction surge.

Ely Portillo: 704-358-5041, @ESPortillo

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