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.
"We are headquartered in Asheville and continue to believe there are tremendous opportunities here to own and create great spaces to live and work in", said Brian Nelson, Managing Partner. "105 Fairview is located near one of the most interesting historic areas of Asheville, and minutes to important commercial and residential areas.
Originally built in 1948 as an industrial facility, the building has been well maintained and is currently used as office and industrial space due to its great location near the city and major transportation networks. The Biltmore Village submarket provides convenient access to Interstate 40 and downtown Asheville, as well as one of the region's most important hospitals, Mission Hospital.
105 Fairview offers high quality space and ample parking. It also presents potential opportunities for future development on the excess acreage.
"We are excited about the many options for the property", said David Moritz, Managing Partner. "We pride ourselves in working on projects that are not only successful financially but also create valuable work and living space for the community."
The property is currently 100% leased to a company working on the $400 million expansion of Mission Hospital.
Directly across the street from 105 Fairview is a new 309 unit luxury apartment complex, which is 30% pre-leased. There are 5 nearby hotels approved, with 2 recently constructed. Biltmore Village continues to expand with major national retail brands and locally owned businesses.
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.
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