East West Capital has acquired the office building located at 1800 Continental Boulevard, also know as Patriot Plaza, in Charlotte, North Carolina. The 4 story building is comprised of 127,335 square feet of office space on 7 acres of commercial land.Read More
East West Capital has acquired 188 Coxe Avenue in Asheville, North Carolina. The commercial building of 5,150 square feet, is located in the South Slope area of downtown Asheville, and is 100% leased to two long-term retail tenants.Read More
East West Capital has acquired the Dutch Center in Columbia, South Carolina. The 4 story building, located at 810 Dutch Square Boulevard, includes 101,982 sf of office and retail space on over 5 acres of land.Read More
East West Capital has acquired two buildings on 7.4 acres of land in Asheville, North Carolina. The buildings located at 105 Fairview Road, near Biltmore Village and the Famous Biltmore Estate, has 23,500 sf of 100% leased office and industrial space.Read More
East West Capital has sold the Boxer Building in Charlotte, North Carolina for $7.335 million. The building, located at 1000 West Morehead Street, has approximately 35,000 sf of office space and is 100% leased. The sale achieves a strong investment return to our investors of nearly a 2.1x equity multiple and more than a 37% IRR, net of fees and expenses.
The building was purchased in March 2015 for $4.675 million when it was 75% occupied. East West Capital, as asset manager, renovated the lobby to create a more modern entrance and successfully leased the building to 100% occupancy. We believe that those enhancements as well as the strengthening Charlotte Midtown office market provided us an opportunity to sell the building at an attractive return.
“We are pleased to have repositioned the property in a short time period which has allowed us to create value for our investors .” said David Moritz, Managing Partner. “The Boxer Building is in a great location in Midtown Charlotte, a market that we began focusing on in 2014.”
Built in 1927 and originally used as a warehouse, the building contains expansive high ceilings, large windows with downtown views, and is in close proximity to the city center. Prior to being renovated to professional office use in 2000, the building was used by the Karl Boxer Textile Machinery Company for storage and distribution of machinery for the textile industry. The building’s current name is in honor of Karl Boxer. Previous owners include Ford Motor, Southern Appliances and the Union Storage and Warehouse.
“This is a milestone for EWC since our founding in 2013,” said Brian Nelson, Managing Partner. “This building reflects our approach to select attractive submarkets in the Southeast US, where we can source promising opportunities, andcreate and deliver value to investors.”
East West Capital is an Asheville, NC based real estate investment Firm. The two principals have over 40 years of combined experience in real estate, Finance and law.
Last night, the Asheville Area Arts Council presented The Refinery Creator Space grand opening. The 15,000-square-foot industrial building is home to resident artists as well as non-profits, in an effort to promote collaboration, cooperation and growth.Read More
In the last month, the Asheville Area Arts Council’s The Refinery Creator Space has been covered with birds, but they aren’t the egg-laying variety you normally find downtown. These birds are the latest artistic creations by Warren Wilson College art professor and muralist Lara Nguyen.Read More
East West Capital Acquires the Arlington Office Building in Charlotte, North CarolinaRead More
East West Capital has acquired SouthLake Center in Columbia, South Carolina. The building, located at 714 South Lake Drive in the Lexington submarket, has 41,953 sf of 100% leased office space on 4.62 acres of land.Read More
East West Capital has acquired 2 buildings on 1.44 acres in the booming neighbourhood of South Slope, the southern gateway to downtown Asheville, North Carolina. The buildings, located at 207 and 217 Coxe Avenue, have over 30,000 sf of space.Read More
Buyer East West Capital on Acquisition Spree in the Southeast
DTZ, a global leader in commercial real estate services, today announced the sale of Crown Pointe, a Class A office building in Columbia, SC.
The stabilized core asset is one of only 10 multi-tenant, Class A office buildings built in Columbia since 2000, and is fully leased to Allstate, CGI Technologies and Sharp Corporation. DTZ Managing Director Rob Cochran and Associate Vice President Jared Londry brokered the transaction on behalf of the seller, Charleston, SC-based developer Durlach Associates.Read More
East West Capital has acquired Crown Pointe in Columbia, South Carolina. The building, located at 1400 Browning Road, has 36,693 sf of Class A office space and is currently 100% leased.Read More
Charlotte Business Journal—Asheville real estate investment firm East West Capital has purchased another office building on Charlotte's West Morehead Street.Read More
East West Capital has acquired the Boxer Building in Charlotte, North Carolina. The building, located at 1000 West Morehead Street, has approximately 40,000 sf of office space and is currently 75% leased.Read More
East West Craggy will develop Asheville’s only major subdivision of 45 green built homes in an urban low impact development, following the approval by the Asheville City Council this week. Construction of new homes is expected to begin in Spring 2015.Read More
A 45-lot subdivision that had a contentious public hearing over traffic congestion and density received zoning approval at the Feb. 24 Asheville City Council meeting.Read More
A real estate investment group from Asheville has bought the old Carolina School Supply building on West Morehead for $3.7 million. John Vickers of KW Commercial represented the buyers.Read More
East West Capital has acquired a 5.5‐acre townhouse development project in South Asheville on Winterhawk Drive. The project includes 4 completed townhouses as well as completed roads, utilities and other infrastructure.Read More
East West Capital has acquired the Carolina School Supply Building in Charlotte, North Carolina. The building, located at 1023 West Morehead Street, has approximately 30,000 sf of office space and is currently 100% leased to four long-term tenants.Read More
East West Capital will develop, in partnership with Mosaic Community Lifestyle Realty and JAG & Associates Construction, a new green compact neighborhood in the heart of West Asheville. The property is a short walk to Haywood Road’s cafes, entertainment and shops. With the development, we are also helping to catalyze the opening of an adjacent city park.Read More