CHARLOTTE — Tennessee real estate firm Highland Ventures closed May 1 on its acquisition of an aging office building in uptown.
The firm purchased 525 North Tryon from longtime owner New York Life Real Estate Investors for $24 million, according to Mecklenburg County Register of Deeds. The high-rise was valued at $97.2 million in the county’s last assessment.
New York Life paid $60 million when it bought the 19-story, 409,000-square-foot property in December 2014, property records show.
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