Uptown’s Packard Place sells for $15.4M to Chicago real estate firm

CHARLOTTE — One of the most recognizable buildings in Charlotte’s central business district is under new ownership.

Packard Place, at 222 S. Church St., has sold for $15.4 million to an affiliate of Chicago-based Northpond Partners.

Local entrepreneurs Dan and Sara Roselli purchased the 95,000-square-foot building in 2010 for $3.3 million, according to Mecklenburg County real estate records. The Rosellis, operating as Packard Place Properties, will keep a minority stake in the 0.64-acre property.

They sold off 0.26 acres of the original property to a Greystar affiliate in 2014 for $2.4 million, clearing the way for Ascent Uptown, a 33-story luxury apartment tower.

Northpond Partners also owns Latta Arcade, a 23,000-square-foot, mixed-use property on South Tryon Street.

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