Charlotte’s Mallard Creed Center Changes Hands
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One of the buildings of Mallard Creek Center in Charlotte, N.C.
Charlotte, N.C.—CBRE Group Inc. has recently arranged the sale of Mallard Creek Center in Charlotte. Patrick Gildea, Will Yowell and Ralph Oldham exclusively represented the sellers, CBRE Global Investors and the State of Utah, in the transaction. Charlotte-based Stream Realty Partners purchased the property at the end of December 2016.
Located on 8520 and 8604 Cliff Cameron Drive, the 259,786-square-foot property is positioned within University City, Charlotte’s second largest employment hub with roughly 73,000 employees. University City contributes an annual economic impact of more than $8 billion to the regional economy. Mallard Creek Center is located in Charlotte’s Northeast submarket, which has witnessed 12 consecutive quarters of declining vacancy. The submarket’s rental rate has increased 5.8 percent in the past year…
