Charlotte Epicenter defaults on $ 85 million loan

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Charlotte’s once-favorite nightlife hub has just defaulted on a $ 85 million loan.

In accordance with NC Public Court Documents, now by default the current owner, Epicenter SPE, must transfer full control CBRE Inc through a court order.

CBRE Managing Director Sabrina Jones will now be responsible for collecting rent from Epicenter’s remaining tenants and attempting to sell vacant premises. Court documents show that the complex is currently vacant by 63.25%.

The court will hold a videoconference this afternoon at 2:00 pm to discuss the details of the new case procedure.

What do you think about the situation?

What do you think will happen to Epicenter in the future?

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