Workplace Properties Earnings Belief has acquired a 150,000-square-foot, Class A workplace constructing in Fort Mill, S.C., for $35.1 million. Accomplished in 2019, the property is totally leased to RoundPoint Mortgage Servicing Corp.— a subsidiary of Freedom Mortgage Co.—serving as its company headquarters.
RoundPoint broke floor on the three-story constructing in mid-2018, as reported by Charlotte Enterprise Journal. The location was dwelling to the Charlotte Knights stadium and is a part of the 350-acre, mixed-use Southbridge venture, developed by Lincoln Harris with proprietor The Gato Corp.
Spanning 16 acres at 446 Wrenplace Highway, the property sits alongside Interstate 77, 15 miles southwest of downtown Charlotte, N.C. The interchange between I77 and Interstate 485 is 6 miles north of the location.
OPI was formed in late 2018, via the merger of Authorities Properties Earnings Belief and Choose Earnings REIT. The present sale displays the corporate’s technique of buying newly constructed, single-tenant Class A belongings with long-term leases, based on David Blackman, president & CEO of the REIT. Earlier this yr, the corporate introduced Blackman’s retirement in 2021, with Christopher Bilotto named as his successor.