Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged an $18 million construction loan for 2100 South Tryon, a to-be-built, 85,415-square-foot, Class A office building with ground floor retail space in Charlotte, North Carolina.
HFF worked on behalf of the borrower, Vision Ventures, to secure the construction loan through Bank OZK.
Designed by BB&M and due for completion in 2020, 2100 South Tryon will consist of 72,790 square feet of office space and 12,625 square feet of retail space. The property will offer abundant parking, unobstructed views of Charlotte’s Uptown skyline and spacious, open floorplates. The 2.8-acre site is strategically located just half a mile east of Interstate 77 in Charlotte’s Midtown/South End submarket. This location is within walking distance of Charlotte’s Light Rail, connecting the property to the central business district, and within 15 minutes of the Charlotte Douglas International Airport.
The HFF debt placement team representing the borrower included senior managing director Travis Anderson and senior director Cory Fowler. Leasing efforts at the property will be led by Tom Fitzgerald and Barry Fayban with JLL. Barringer Construction is the contractor for the development.
Since its inception in 1998, Vision Ventures has built a reputation on in depth analysis, focus, and discipline in the world of commercial real estate. As a well-capitalized acquisition, brokerage, construction and development company, their expertise ranges from strategic attainments of debt and equity to the execution of development and construction projects.