The Charlotte Regional Realtors Association has listed its Charlotte headquarters for sale. The 5.3-acre site, at Kenilworth Avenue and Greenwood Cliff in midtown, features several parcels that include the association’s main operations in a 46,000-square-foot office building at 1201 Greenwood Cliff.
The CRRA is not marketing the property with a price, said Joe Rempson, president of CRRA and Carolina Multiple Listing Services Inc.
He says the CRRA has gotten unsolicited offers for the property in the past few years, since the city installed a four-way intersection that provided additional access to the site. After that, the CRRA board unanimously agreed to sell the property, which Rempson described as “old and obsolete.” The headquarters building was constructed in 1970.
Rempson says the association would like to stay at the property and may use sale proceeds to help fund a new building with an equity partner. Other scenarios include being a tenant or full owner, he said.
“We’ve spent a lot of time and effort on this,” Rempson said. “We hope to assist in the redevelopment of the midtown market.”
Selwyn Property Group is marketing the sale.
The CRRA is a trade association with some 73,000 members. It is the parent entity of the CarolinaMLS, the Mingle School of Real Estate and the association’s Housing Opportunity Foundation.