Today’s Real Estate Whispers is sponsored by The McIntosh Law Firm. At The McIntosh Law Firm, we offerexperienced legal guidance in real estate development, property revaluation appeals, government relations, land use, estate planning, and business law—helping clients navigate complex legal and regulatory challenges.
Welcome to the first 2026 edition of Charlotte Commercial Real Estate Whispers, our weekly look at Charlotte real estate and development news. Like many in CRE, I wish I had a crystal ball to predict exactly what’ll happen in Charlotte development this year, but alas, I do not. Still, we’ll do our best to keep you up to date on the latest news and what’s moving dirt in the Queen City.
As always, if you have a tip, let me know at [email protected].
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In today’s edition:
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What the recent sale of Elizabeth on Seventh says about “bite-sized” office deals
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Some neighborhoods seek historic recognition amid the city’s growth and development
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Johnny Harris talks about the importance of planning during a wide-ranging conversation with Pat McCrory
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What goes into restriping a parking lot
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And a wrap-up of land deals and real estate news from other sources
The Elizabeth on Seventh office building sold in late December for $58M. (Photo courtesy of Crescent Communities)
The end of a calendar year typically marks a flurry of real estate closings. Although there were a couple of notable deals in Charlotte at the conclusion of 2025, there were fewer than years past, likely because the overall commercial real estate market is still sluggish.
One of the bigger deals was the sale of Elizabeth on Seventh, at 1942 E. Seventh St. The 103,500 sq. ft. office building with ground-floor retail space sold for $58M to Invesco, an Atlanta-based investment group that has previously invested in Charlotte. Charlotte-based Crescent Communities and Faison developed and sold the building.
The property traded for about $560 per square foot — not a record breaker for Charlotte, but a sizable sum nonetheless.
Sagar Rathie, managing director of office at Crescent, told Whispers the building went on the market with CBRE around Labor Day, and it was a “pleasant surprise” to see the amount and variety of capital interest in the property.
