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NASCAR Plaza deal has yet to cross finish line

CHARLOTTE — It’s true: The media don’t always get it right.

Contrary to what some Charlotte news outlets have reported, the sale of NASCAR Plaza to an Orlando, Fla., company hasn’t been finalized, Molly Carroll, spokeswoman for Trinity Partners, said Wednesday.

Trinity Partners manages the 20-story uptown building for Charlotte-based Trinity Capital Advisers and Philadelphia-based Rubenstein Partners, the building’s owners.

In October, Parkway said it had signed a contract to buy the building for about $100 million. But some news organizations have indicated that the sale is a done deal.

So, The Mecklenburg Times, wondering whether other media were correct, asked Carroll to clarify the status of the deal. According to her, the sale to Parkway Properties is pending.

Parkway is under contract to buy the building, Carroll said, adding that Trinity and Rubenstein will remain owners until at least the end of the year, when the sale is expected to finally close.

Nothing is expected to hold up the sale, she said.

Earlier this year, Parkway bought Hearst Tower from Bank of America for about $250 million and this week agreed to buy the 525 N. Tryon St. building for $47.4 million.

Payton Guion can be reached at payton.guion@mecktimes.com.

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