Goldman Sachs Asset Management, Lincoln Harris and Honeywell Sell 374,000-Square-Foot Honeywell Global Corporate HQ at Charlotte’s Legacy Union to PRP Real Estate Investment Management
The 23-story building, which began in 2019 and opened at the beginning of the year, houses the global headquarters of the Fortune 100 technology company Honeywell International Inc. The company comprises all office space in the brick-and-glass building, which also includes retail outlets in the Ground floor and 12 levels with dedicated parking spaces. Honeywell is in the first year of its 15-year lease on the building, which is a significant draw for a long-term investor like PRP.
“Despite the challenges of COVID, the partnership between Goldman Sachs, Lincoln Harris and Honeywell have enabled us to create a one-of-a-kind property that is one of the smartest office buildings in the world, “said Johno Harris, President of Charlotte-based Lincoln Harris. “Honeywell’s decision to move its headquarters to this region and Charlotte further proves the proposition that when we bring together a great community, region and partner, we will continue to attract and will continue to attract transformative companies like Honeywell, “added Harris.
Lincoln Harris will continue to act as the leasing agent and also provide property management services for the building, which was designed by award-winning architects LS3P and incorporates much of Honeywell’s industry-leading technology, including energy, security and accessibility functions.
“Infill Trophy office properties like the Honeywell headquarters building are among the most desirable types of products on the market today,” added Patrick Gildea, Vice Chairman of Carolinas Institutional Properties for CBRE who, along with colleagues, led the team that represented the sellers on the transaction Matt Smith, Will pike and Grayson Hawkins. “As companies strive to get their employees back into the office, first-class office space with a fantastic set of equipment will be a powerful tool to generate excitement about the return to work.”
Honeywell Global Corporate Headquarters is located at 855 S. Mint St. directly across from Bank of America Stadium and is part of Legacy Union, a 10 acre project developed by Goldman Sachs and Lincoln Harris and two city blocks on the historic former site from The Charlotte includes observers. Other elements of the property include the 33-story Bank of America Tower; 650 South Tryon, an 18-story modern glass and steel structure; a 14-story parking garage; and a public square at street level.
About Goldman Sachs Asset Management Real Estate
By bringing together traditional and alternative investments, Goldman Sachs Asset Management offers clients around the world a committed partnership and focus on long-term performance. As the primary investment division within Goldman Sachs (NYSE: GS), we provide investment and advisory services to the world’s leading institutions, financial advisors and individuals, relying on our closely connected global network and tailored expert insights in all regions and markets $ 2 trillion in supervised assets worldwide September 30, 2021. Driven by the passion for our customers’ performance, we strive to build long-term relationships based on conviction, sustainable results and mutual success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate and infrastructure. Goldman Sachs Asset Management’s real estate business, founded in 1991, is one of the largest real estate investors with over $ 50 billion in assets invested since 2012 in the entire spectrum of investment strategies from core to opportunistic. Our global team invests in all sectors with deep expertise across the capital structure, in assets ranging from individual properties to large portfolios, through senior mortgages, mezzanine debt and equity. Follow us on LinkedIn.
About Lincoln Harris:
Lincoln Harris, together with Lincoln Property Company, offers its clients a national platform and unparalleled institutional resources including commercial real estate development, investment and property management. Based in Charlotte, Lincoln Harris is very proud of its reputation as one of the most successful full-service commercial real estate companies in the region. Lincoln harris’ The multidisciplinary team has a long history of handling complex transactions and applying innovative approaches to real estate problems. We develop and implement comprehensive national real estate programs for our clients and cultivate trust in the communities we service and the individual transactions we service. Learn more about it Lincoln Harris Properties and services can be found at www.lincolnharris.com.
Honeywell is a Fortune 100 technology company that provides industry-specific solutions that include products and services for the aerospace industry; Control technology for buildings and industry; and performance materials worldwide. Our technologies help aircraft, buildings, manufacturing facilities, supply chains and workers become better connected to make our world smarter, safer and more sustainable. For more news and information about Honeywell, please visit https://www.honeywell.com/us/en/news.
SOURCE Lincoln Harris