University City scores 2 big real-estate deals in 1 week

Wall Street Journal building in University Research Park

The Observer plans to begin printing the daily paper here in early 2014. Photo/Rich Haag

The names don’t get much bigger in Charlotte – Bank of America, Lincoln Harris, The Wall Street Journal and The Charlotte Observer. The impact of their two real-estate announcements could be equally big and very positive for University City. Lincoln Harris and other investors recently bought Bank of America’s 24-acre office site near the LYNX light-rail line. The Observer has bought the Wall Street Journal facility in University Research Park and will move its print operation there from downtown.

The Bank of America property is at the southwest corner of North Tryon Street and Mallard Creek Church Road. Lincoln Harris helped Bank of America get the property rezoned in 2009 for a million square feet of offices in buildings up to 14 stories tall.

  • READ MORE of the full report by the Charlotte Business Journal

The Charlotte Observer said it hopes to close the deal on the Wall Street Journal facility soon and begin printing the paper there by the end of first quarter 2014, along with the Wall Street Journal and Barron’s business magazine.

  • READ MORE of the full report by the Charlotte Observer
Future office site

Lincoln Harris helped Bank of America rezone this site for a million square feet of offices in 2009.

Ballantyne North?

Karnes, the leading source of commercial real estate data in the Carolinas, suggests that Lincoln Harris and its partners in University Investors may have that in mind for their just-acquired BofA property on North Tryon Street.

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