Duke Energy tower under construction in uptown acquired in record deal

CHARLOTTE, N.C. — Maryland-based CGA Capital has partnered with Childress Klein to buy Duke Energy’s Charlotte Metro Tower, currently under construction in uptown Charlotte. Once the project is complete, the two firms will pay as much as $675 million in the planned sale-and-leaseback deal for the 40-story tower.

The Duke tower marks the largest single real estate transaction ever made in Charlotte. The previous record of $445.5 million is set to occur next spring when Truist completes its purchase of the Heart Tower — a deal that was announced two weeks ago. That just edged the $441.6 million that paid for the Bank of America Tower at Legacy Union in late November.

Batson-Cook Construction in Atlanta has already started construction on the project at 525 S. Tryon St. in uptown.

Read more here.

Read more top trending stories on wsoctv.com: