Packard Place in Uptown sells to Chicago real estate firm for $ 15.4 million – WSOC TV

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CHARLOTTE – One of the most recognizable buildings in Charlotte’s CBD has been taken over.

Packard Place, located at 222 S. Church St., was sold for $ 15.4 million to the Chicago subsidiary of Northpond Partners.

Local entrepreneurs Dan and Sara Roselli purchased the 95,000-square-foot building in 2010 for $ 3.3 million, according to Mecklenburg County Real Estate Data. The Rosellis, acting as Packard Place Properties, will retain a minority stake in the 0.64-acre property.

In 2014, they sold 0.26 acres of the original property to the Greystar subsidiary for $ 2.4 million, clearing the way for Ascent Uptown, a 33-story luxury residential tower.

Northpond Partners also owns Latta Arcade, 23,000 square feet, mixed-use facility on South Tryon Street.

Read the whole story here.



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