CHARLOTTE, N.C., May 22, 2023 – Charlotte-based real estate investment firm Redline Property Partners and its partner Ascent Real Estate Capital today announced the rebranding of the property currently known as NorthPointe Executive Business Park in Huntersville and offered a first look at their extensive renovation plans for the office complex.
The property—to be reimagined as Birkdale Point—boasts four office buildings with 201,310 square feet of total space, as well as excess land that the new owners plan to develop in the future. A footbridge connects the property to Birkdale Village and the McDowell Creek Greenway.
“Once renovated, the newly rebranded Birkdale Point will offer an unrivaled office experience, adding significant value to our current tenants and attracting new companies that are seeking distinctive office space with place-making amenities and exceptional service,” said Andrew Webb, Redline’s president and managing partner.
Improvement plans for the buildings include renovating all common areas and restrooms; redesigning entrances and lobbies; constructing new exteriors and building signage, and creating unique tenant lounges, a fitness center and outdoor gathering spaces.
“We are proud to play a part in transforming this office complex back into a top-tier property that better serves the community and the local economy, while giving tenants walkable access to everything Birkdale Village has to offer,” said Jon Dixon, managing principal of Ascent Real Estate Capital.
“Birkdale Point boasts a superior location in one of the fastest-growing submarkets in the Carolinas,” said Joe Franco, senior vice president, CBRE Brokerage Services, who is overseeing leasing at the project. “With its easy access to I-77, plus proximity to housing and lifestyle amenities, Birkdale Point will allow tenants to attract and retain employees from across the entire Charlotte region.”
About Redline Property Partners
Founded in 2017, Redline Property Partners is a privately-owned commercial real estate investment, management and development firm specializing in office, creative office / flex and adaptive reuse projects in the Carolinas and Minnesota. Led by a team of industry veterans with an average of 30 years of experience and more than $8 billion of combined transactions, Redline employs innovative strategies to improve asset quality and maximize property value. Using a “block-by-block” granular approach, Redline finds great real estate suffering from short-term distress and transforms properties into spaces adapted for the new economy.
About Ascent Real Estate Capital
Ascent Real Estate Capital is an entrepreneurial real estate investment company headquartered in Charlotte, North Carolina. Its partners are experienced in sourcing, capitalizing, operating and managing real estate investments across all major property types. Ascent leverages over 60 years of commercial real estate experience to generate creative solutions that combine attractive investment opportunities with positive community outcomes. The company predominantly invests in multi-family and commercial properties that are adjacent to major public and private investments in Charlotte’s infill submarkets. Over the past 7 years, Ascent has successfully completed $500mm+ in transactions and currently has $300mm+ in assets under management.
