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January 10, 2018  

DRA Shows Class-A Charlotte Tower

A DRA Advisors partnership is marketing a Charlotte office tower that could attract bids of about $150 million.The 587,000-square-foot property, at 400 South Tryon Street in the Central Business District, would produce an initial annual yield of 6.5% to 6.75% at the estimated value of $256/sf. CBRE is representing New York-based DRA and its local partner, Trinity Partners.The 33-story building is 94.6% leased. Duke Energy, which is rated Baa1/A-...

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