Begun in 2019 and opened earlier this year, the 23-story building is home to the global headquarters of technology company Fortune 100 Honeywell International Inc. The company includes everything but an office floor in the brick and glass building, which includes also shops on the ground floor and 12 levels of dedicated parking. Honeywell is in the first year of its 15-year lease on the building, which is a big draw for a long-term investor like PRP.
âDespite the challenges of COVID, the partnership between Goldman Sachs, Lincoln harris and Honeywell have enabled us to create a unique asset that is one of the smartest office buildings in the world, âsaid John harris, president of Charlotte-based Lincoln harris. âHoneywell’s decision to locate its headquarters in this region and Charlotte further proves the thesis that when we combine a great community, region and partners, we will continue to attract and attract transformative companies like Honeywell, âadded Harris.
Lincoln harris will continue to serve as rental agents and will also provide property management services to the building, which was designed by award-winning architects LS3P and incorporates much of Honeywell’s state-of-the-art technology, including energy features, safety and accessibility.
“Infill trophy office buildings like the Honeywell headquarters building are some of the most sought-after product types in today’s market,” added Patrick Gildea, Vice President of Carolinas Institutional Properties for CBRE, who led the team that represented the sellers in the transaction with colleagues Matt smith, Will pike and Grayson hawkins. âAs companies strive to bring employees back to the office, a top-notch office space with a fantastic set of equipment will be a powerful tool in generating excitement around the return to work. “
Located at 855 S. Mint St. just across from Bank of America Stadium, Honeywell’s global headquarters is part of Legacy Union, a 10-acre project developed by Goldman Sachs and Lincoln Harris that includes two blocks on the old historic site of Charlotte’s Observer. Other features of the property include the 33-story Bank of America Tower; 650 Tryon South, a modern 18-story glass and steel structure; a 14-level parking garage; and a public square at street level.
About Goldman Sachs Asset Management Real Estate
Bringing together traditional and alternative investments, Goldman Sachs Asset Management offers its clients around the world a dedicated partnership focused on long-term performance. As the primary investment area within Goldman Sachs (NYSE: GS), we provide investment and advisory services to the world’s leading institutions, financial advisors and individuals, leveraging our deeply connected global network and bespoke expert information, in all regions and markets, overseeing more than 2,000 billion dollars in assets under surveillance worldwide September 30, 2021. Driven by a passion for the performance of our clients, we seek to build long-term relationships based on conviction, lasting results and shared success over time. Goldman Sachs Asset Management invests in the full range of alternatives, including private equity, development capital, private credit, real estate and infrastructure. Founded in 1991, the Real Estate business within Goldman Sachs Asset Management is one of the largest real estate investors with more than $ 50 billion in assets invested since 2012 across the range of basic to opportunistic investment strategies. Our global team invests across industries with deep capital structure expertise, in assets ranging from single-person properties to large portfolios, senior mortgages, mezzanine debt and equity. follow us on LinkedIn.
On Lincoln harris:
Lincoln harris, in collaboration with Lincoln Property Company, provides clients with an unparalleled national platform and institutional resources, including commercial real estate development, investment and property management. Situated at Charlotte, Lincoln harris takes great pride in its reputation as one of the region’s most accomplished full-service commercial real estate companies. Lincoln harris Multidisciplinary team has a long history of working through complex transactions and adopting innovative approaches to real estate issues. We develop and implement comprehensive national real estate programs for our clients and cultivate a sense of trust in the communities we serve and the individual transactions we serve. To learn more about Lincoln harris properties and services, please visit www.lincolnharris.com.
Honeywell is a Fortune 100 technology company providing industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help planes, buildings, manufacturing plants, supply chains and workers become more connected to make our world smarter, safer and more sustainable. For more Honeywell news and information, please visit https://www.honeywell.com/us/en/news.
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