Press Release: Beauxwright and Ascent conclude sale of $36 million Third Ward creative office and retail complex


Charlotte, NC - Beauxwright, LLC, is proud to announce the sale of The Foundry, a storied three-building office complex located at 601-623 Cedar St. and 600 W. Hill St. in Charlotte’s historic Third Ward. CBRE brokered the deal on behalf of Beauxwright and Ascent Real Estate Capital, which comprises 4.87 acres, including approximately 2.5 acres of additional land for future development.

“We’re grateful for the opportunity to play an integral role in the ongoing transformation of our creative Charlotte community,” said Chris Warren, Beauxwright principal. “It has been our honor and privilege to collaborate over the years with so many talented people in the design and development of this unique and colorful space.”

The sale ushers in a new era for the site, which was the location of a 1920s iron production factory and is now part of Charlotte’s thriving central business district. The Foundry’s proximity to Bank of America Stadium and the city’s Greenway system makes this development an ideal backdrop for prospective office and retail tenants. Just behind the property is the future home of the 29-mile, 29-stop Lynx Light Rail Silver Line, which will operate east-west and connect this live-work-play destination with the greater Charlotte community.

Beauxwright is a Charlotte-based real estate investment and development firm specializing in the acquisition, renovation and development of fundamentally sound real estate in the Southeast. Beauxwright is known for solving complex real estate challenges and bringing an entrepreneurial spirit to institutional investing and unique acquisition opportunities. Above all, Beauxwright is built on long-term relationships, with a proven track record of always doing the right thing for partners, property and community. For more:

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