Acquisition of The Plaza at CityCenter Mixed-Use Tower

Deal value: $260M

Acquisition of a 550K SF mixed-use tower in Charlotte, NC, with 200K SF of office, 150K SF of residential, 100K SF of retail, and 100K SF of entertainment. The tower is part of a major urban infill project.

The acquisition targets a prime mixed-use asset in Charlotte, NC, capitalizing on urban infill trends and strong local demographics. The core motivation is to secure exposure to a diversified income stream—office, residential, retail, and entertainment—in a high-growth corridor. The strategic purpose is to benefit from Charlotte’s expanding population, rising household incomes, and increasing demand for live-work-play environments, positioning the asset for long-term appreciation and stable cash flow.