Case Study | Greylyn Acquisition

In 2016, Weston acquired a 648,000 SF multi-tenant complex in Charlotte, NC, which continues to thrive. At the time of purchase, the property was 81% occupied; since then, Weston successfully increased occupancy to 95%. The complex features 127 tenant spaces, representing approximately 53% of the total Charlotte submarket. It encompasses office, warehouse, and retail spaces, and the acquisition was financed through an institutional lender at a total cost of $46 million.

This strategic investment not only bolstered Weston’s portfolio but also underscored their commitment to fostering growth in vibrant urban markets. This portfolio attracted a diverse range of tenants but has also contributed to the overall economic vitality of the Charlotte area. As a result, the complex has become a cornerstone of the community, offering versatile spaces that cater to a wide array of business needs.

Portfolio Size: 648,000 SF

Acquisition Date: July 2016

Scope of Services: Acquisition, Leasing