Starwood Drops $245M On Charlotte Office Tower

Law360, Washington (April 18, 2013, 7:26 PM EDT) -- Starwood Capital Group and Vision Equities have purchased a 42-story office building housing Wells Fargo & Co. and others in Charlotte, N.C., from Childress Klein Properties for $245 million, according to reports Thursday.

While Starwood declined to announce the price paid or other transaction details for the 985,315-square-foot building, known as One Wells Fargo Center, the Charlotte Observer pointed to country records pegging the sale at $245 million.

According to Starwood, One Wells Fargo Center is 98 percent occupied and has retained several clients for more...
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