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Highwoods Closes on $436M Purchase of New Bank of America Tower at Legacy Union in Downtown Charlotte

Bank of America Tower at Legacy Union was 90 percent leased at the time of sale.

CHARLOTTE, N.C. — Highwoods Properties Inc. has closed on its $436 million acquisition of the Bank of America Tower at Legacy Union in downtown Charlotte. The 841,000-square-foot building was 90 percent leased at the time of sale. The LEED Gold-certified office tower was delivered earlier this year and features a parking deck. The seller, Lincoln Harris, is developing Legacy Union, a 10-acre development adjacent to Bank of America Stadium, home of the National Football League’s Carolina Panthers. The Bank of America Tower is the first building to deliver at Legacy Union, with Honeywell’s corporate headquarters slated for completion in 2021. Bank of America began moving employees to the office building in August. Truist, the name of the new company formed from the BB&T-SunTrust merger, began moving into Bank of America’s former space at Hearst Tower in Charlotte.

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