South Windsor, CT, July 29, 2015 –(PR.com)– GCT Net Lease Brokers, a leading net lease property brokerage firm has completed the sale of a 101,555 square foot, five story office building located in Winston-Salem, North Carolina and 100% leased to US Airways. The sale closed on July 23rd for $15.3 million.
Dwaine L. Clarke, of GCT Net Lease Brokers represented the buyer, United Realty Trust in the transaction. The seller, Highwoods Realty was represented by Stan Johnson Company.
“We were able to locate the perfect net lease property for our client through our large network of property owners, brokers and developers,” says Clarke.
The subject property sits on more than 10 acres in a dense office and retail corridor, less than a mile from Interstate 40 and serves as the only US Airways dedicated call center in the eastern United States. The facility is in operation 24 hours a day, 7 days a week, 365 days a year.
In December 2013, American Airlines and US Airways Group merged to form American Airlines Group, Inc. On September 30, 2014, American Airlines Group Inc. reported total annual revenue of $39.8 billion and net worth of more than $4.9 billion.
“After personally reviewing over 100 separate commercial property offerings I found this property particularly special and knew this would be the right one for my client. The mix of an attractive lease, dense and affluent demographics along with a dominant tenant made this property the perfect fit,” says Clarke.
Clarke goes on to say, “Our team analyzes over 500 NNN properties daily for our investor clients that have specific acquisition criteria or going through a 1031 exchange and need to identify a property quickly. Our constant communication and large network with owners, brokers and developers keeps our pipeline full with opportunities for investors at any price range.”
GCT Net Lease Brokers
Dwaine L. Clarke