Friday, October 31, 2008

Sandreuter Buys Land for Edison Towers

newsobserver.com | Investors buy downtown site for four-tower building

Edison Land, LLC bought 2.68 acres for $12.1M ($103/sf) across the street from Highwoods new RBC tower.

Deal Summary:
-$3.7M from Oakland Capital in Charlotte
-$5.6M debt from BAC
-$2.8M seller financing from Progress Energy

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