Corebridge Real Estate Investors and Crestlight Capital have acquired two office buildings within The Station at LoSo mixed-use development in Charlotte. According to reporting referenced in the announcement, the investor group paid $91.8 million for the pair of assets.
The buildings, branded as Station 3 and Station 4, total 200,000 square feet and were 90 percent leased at the time of sale. Beacon Partners sold the properties to the Corebridge and Crestlight venture, marking a significant office transaction within the broader LoSo master plan.
The two buildings sit at 3600 and 3700 South Blvd. and represent the initial office phase of a roughly 15-acre, master-planned project. As the first commercial components to be delivered at The Station at LoSo, Station 3 and Station 4 are positioned as anchors for the emerging mixed-use environment in this corridor of Charlotte.
JLL’s Capital Markets Investment Sales and Advisory team advised on the transaction. The team was led by Ryan Clutter, Mike McDonald, Daniel Flynn and Director CJ Liuzzo, who worked on behalf of Beacon Partners in the sale of the two buildings.
The Station at LoSo master plan extends beyond the initial office phase to include multifamily and additional commercial space. Beacon Partners’ project incorporates MAA LoSo and Ello House, two residential communities that together will deliver 693 units as part of the broader development.
Future phases of The Station at LoSo are expected to expand the office footprint substantially. Plans call for Station 1 and Station 2, two more office buildings that are projected to total roughly 1 million square feet when complete. These additional office phases are designed to build on the momentum created by Station 3 and Station 4 as the first two buildings on the site.
The master-planned development also includes another residential phase. A 350-unit community is anticipated to break ground this year, adding to the multifamily component already outlined for MAA LoSo and Ello House. Together, the office and residential phases underscore the mixed-use vision that is being implemented at The Station at LoSo.
While specific lease terms, tenant rosters and financing details for the acquisition were not disclosed, the transaction highlights continuing investment activity in Charlotte’s office sector, particularly within large-scale, mixed-use environments anchored by institutional ownership and leasing momentum.
