CORFAC News

Charlotte, NC – Piedmont Properties/CORFAC International, a leading full-service commercial real estate provider serving the Charlotte market, today announced the completion of the sale of a mixed-use building located at 3130 Driwood Court. The property measures 8,900 square feet and has two ground-level restaurants with shell space above.

The property was sold by X-Holdings, LLC of Charlotte, to Brahmaiah Upputuri of Concord, NC for $1,125,000. A. Scott Hensley, CCIM, SIOR of Piedmont Properties/CORFAC International) together with Lester Osborn, CCIM, SIOR of Piedmont Properties/CORFAC International represented the seller.

A. Scott Hensley, CCIM, SIOR says, “We had great activity and numerous offers on this value-added investment property. Fifty percent of the building is leased to two successful restaurants with great upside for the new owner to lease the remaining 50 percent. We continue to see great demand for well-located, small investment properties in the Charlotte area.”

About Piedmont Properties/CORFAC International
Piedmont Properties of the Carolinas, Inc. is a commercial real estate firm located in Charlotte, N.C., established in 1993 in response to demand for a highly responsive and focused firm offering full-service commercial real estate expertise to private sector clients, including entrepreneurs and publicly traded entities alike. Piedmont Properties’ vision is to be and build upon our reputation as a high quality, client-oriented real estate service firm offering our services to local and worldwide corporations. Piedmont Properties brings a team approach to the services we provide to our clients by bringing to the table at any one time a team of real estate professionals who can meet the objectives of our clients. Our brokers provide clients with experience in sales and leasing; tenant representation; site selection; disposition; investments; tax-deferred exchanges; build-to-suit; and real estate evaluations. For more information on Piedmont Properties/CORFAC International visit: www.piedmontproperties.com or call 704.375.1101.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial
firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily
property acquisitions and dispositions, property management and corporate services. In association with
global affiliates, CORFAC International offers commercial real estate services with market reach in 48
countries worldwide. Founded in 1989, CORFAC firms completed more than 10,000 lease and sales
transactions totaling approximately 400 million square feet of space valued in excess of $7.4 billion last year.