Mohr Capital Buys University Office Building

CHARLOTTE, N.C., Dec. 5. 2017 /PRNewswire/ -- OFFICE BUILDING SALE -- Mohr Capital, a privately held real estate investment firm headquartered in Dallas, Texas, has closed on the purchase of a 100,000  square foot office building situated on 13.78 acres in the dynamic University submarket that is seeing dramatic new development with the new light rail extension set to open in March. The building is being re-branded "University Highlands." Mohr Capital was represented by Gary Horn, Chief Investment Officer with Mohr Capital, and Jack Glasgow, Managing Principal with CRESA Carolinas. The property is currently vacant and Mohr Capital has significant capital upgrades planned for the building and will look to expand the facility adding an additional 150,000 square feet to the site. "The asset is in excellent condition and, with the capital improvements we have planned and the limited options in the 250,000 square foot range, we feel the property will be well received in the market," says Gary Horn with Mohr Capital. The property will be leased by Brad Grow with Colliers International and managed by CBRE.