Switch Yard


Overview

Asset Size: 98,000 SF
Location: Charlotte, NC
Product Type: Creative Office
Strategy: Capital Appreciation

Opportunity & Strategy

  • Adaptive Reuse to Creative Office – Abacus and its partners plan to convert two legacy midcentury warehouse assets into trophy-quality creative office
  • User Sales – Abacus acquired both assets directly from owner occupants, allowing for a compelling going-in and ultimately stabilized basis
  • Competitively Advantaged Product – Switch Yard is being developed to a higher on-site parking ratio than its competitive set, enabling it a competitive advantage when marketing to prospective tenants
  • Undersupplied Market Segment – Abacus identified a supply-demand imbalance for creative office space in the local market that Switch Yard is intended to exploit