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High-rise office tower in Uptown Charlotte ready for auction
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Uptown Charlotte’s High-Rise Office Tower Set for Auction

News Summary A 32-story office tower in Uptown Charlotte, located at 400 South Tryon, is headed to auction on January 10, 2024. The property, previously owned by Oaktree Capital Group, is facing foreclosure due to significant financial troubles. With an occupancy rate of just 23%, investors see this as a unique opportunity, albeit one with risks due to the building’s current condition and broader market challenges in office space demand.

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