Corebridge Real Estate Investors and Crestlight Capital Acquire Charlotte's Station at LoSo for $91.75M in JLL-Brokered Deal
Corebridge Real Estate Investors and Crest Capital have acquired The Station at LoSo, a two-building Class A creative office complex in Charlotte's Lower South End submarket, for $91.75 million. JLL arranged the transaction on behalf of the seller, Beacon Capital Partners, which will remain as leasing representative and property manager for the asset.
Deal Details: $459 Per Square Foot for a Near-Stabilized Creative Office Asset
The transaction closed Aug. 11, 2026, and encompasses 199,673 square feet across two five-story buildings at 3700 and 3600 South Blvd. The pricing works out to approximately $459 per square foot. Station 3, totaling 95,245 square feet, was delivered in 2023, while Station 4, at 104,428 square feet, came online in 2024. The property was 90% leased at the time of sale.
The buildings feature brick and steel warehouse-style architecture and are positioned as Tier 1 creative office product. Tenant amenities include a fitness center with locker rooms and showers, a shared conference center, indoor bike storage, operable glass roll-up doors in lobbies and tenant suites, private outdoor terraces on every floor, and an on-site parking garage. Ground-floor retail tenants include Salata, Taco Boy, Sweat Method, and Sandbox VR.
The tenant roster spans professional services, technology and digital media, sports and entertainment, construction and engineering, and commercial real estate. Key office tenants include Skyla Credit Union, Crete United, and CPL.
JLL Team and Broker Commentary
The JLL Capital Markets Investment Sales and Advisory team representing Beacon Partners was led by Senior Managing Director Ryan Clutter and Director Mike McDonald, along with Director CJ Liuzzo and Senior Director Daniel Flynn.
"The Station at LoSo represented a once-in-a-generation opportunity to acquire institutional-quality office assets in one of the country's top performing office markets," said Ryan Clutter. "Charlotte's South End has experienced unprecedented rent growth of 36% year-over-year, driven by a severe supply-demand imbalance with zero Tier 1 deliveries scheduled for 2026. With South End's Tier 1 office occupancy approaching 95% and Charlotte posting the highest office-using employment growth rate nationally at 2.8%, The Station at LoSo offered investors exceptional embedded mark-to-market upside in a supply-constrained, amenity-rich urban environment positioned directly in Charlotte's path of growth."
"The purpose-built creative office feel and nature of the assets along with the accessibility to the Charlotte Light Rail and walkable amenities were key in the successful lease-up for the buildings and top of mind for the office tenants who chose this location over other submarkets and attractive factors for investors who pursued Station at LoSo," added Liuzzo.
Location and Submarket Context
The Station at LoSo sits on 2.2 acres and anchors the Lower South End district, a mixed-use extension of Charlotte's South End corridor. The property has direct frontage on South Boulevard, immediate adjacency to the LYNX Blue Line's Scaleybark Light Rail Station, and access to the Charlotte Rail Trail. Within one mile, there are nearly 10,000 existing multifamily units and more than 2,000 additional units planned or under construction. More than 30 dining options are within a 10-minute walk of the property.
South End Charlotte has seen office rents rise 36% year over year, with Tier 1 occupancy in the submarket approaching 95%. No new Tier 1 office deliveries are scheduled for 2026, a supply dynamic that supports continued pricing power for existing premium assets. Charlotte's office-using employment growth rate stands at 2.8%, which JLL described as the highest nationally.
Buyer Profile and Market Implications
Corebridge Real Estate Investors is the real estate investment arm of Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the United States. Crestlight Capital is a commercial real estate operating platform that focuses on high-quality industrial, office, and mixed-use assets in high-growth U.S. markets, particularly those near innovation and education hubs.
The acquisition reflects a broader pattern of institutional capital targeting stabilized, transit-connected, amenity-rich office product in Sun Belt markets where leasing fundamentals remain intact. The Station at LoSo's 90% occupancy, recent construction vintage, and location within a dense urban district with rail access distinguish it from older office assets that continue to face leasing pressure in many markets. Beacon Partners' retention as leasing agent and property manager signals continuity in the asset's operational strategy as the new ownership works to stabilize the remaining vacancy.
JLL Capital Markets is a global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists in offices across nearly 50 countries.
Sources
JLL Capital Markets – The Station at LoSo Sale Announcement, Aug. 11, 2026