Real estate investment group plans to buy 525 North Tryon

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CHARLOTTE, N.C. - A real estate investment group plans to buy a major Uptown Charlotte property.

Parkway Properties will pay $47.4 million for 525 North Tryon.

The 19-story office tower was built in 1998.

Bank of America is one of the building's current tenants.

Parkway expects to close on the deal by the end of the month.