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Deals & Dealmakers

Cushman & Wakefield Arranges Sale of 430K-SF The Commons at the Park

Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of The Commons at the Park, an adaptive re-use campus which includes a 438,144-square-foot office building plus two additional land parcels located at 6800 Solectron Dr. in
Charlotte’s University City submarket.

Brokers from Cushman & Wakefield represented both the buyer and seller in the transaction. Keith Bell and Matt Treble of the firm’s Charlotte office along with Dirk Riekse and Eric Sorenson of the Chicago office represented the buyer, Albemarle U.S., Inc. The seller 6800 Solectron Owner, L.P. (an underlying entity of Shorenstein Properties) was represented by Cushman & Wakefield’s Jessica Brown, David Dorsch, and Jordan Williams.

“The Commons at the Park adaptive re-use campus is in Charlotte’s University submarket, which is a popular hub for corporate or regional headquarter locations, back-office needs, call centers, and innovative research campuses. The area’s superior power and fiber infrastructure, access to talent via UNC Charlotte, convenient highway access, and strong amenity base make it an attractive choice for corporations like Albemarle,” said Jessica Brown, Executive Director at Cushman & Wakefield.

Charlotte-based specialty chemicals company and buyer Albemarle will use the existing office building and land parcels that comprise The Commons at the Park for a planned lithium research and development center expected to be completed in late 2026. The project will be named Albemarle Technology Park and sit in a wooded setting just outside the premier business and innovation hub University Research Park while still enjoying all its benefits.

When complete, the project will provide a collaborative work environment for the facility’s anticipated 200 employees who will be hired to work onsite. The property’s strong amenity base includes connectivity to three neighboring greenways and two nearby nature preserves as well as more than 40 restaurants, and a variety of retail stores, grocers, hotels, or banks in the area. Three major interstate (I-85, I-485, and I-77) along with the Lynx blue line rail extension are also easily accessible making the property transportation friendly.

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