CHARLOTTE, N.C., Aug. 21, 2024—Charlotte-based real estate investment firm Redline Property Partners and its partner Ascent Real Estate Capital are excited to announce the completion of their extensive renovations at Birkdale Point. Interior and exterior cosmetic improvements, combined with the addition of multiple new creative amenities, have fully transformed the 33-acre office park and its 201,310 feet of office space.
The partners purchased the property and its four office buildings in April 2023 and immediately rebranded it Birkdale Point.
Additionally, the property includes approximately 10 acres of undeveloped land that is being rezoned for a planned hotel development, providing more new amenities for tenants and the local community.
“The newly renovated Birkdale Point creates an unmatched experience for tenants seeking distinctive ‘lifestyle’ office space in fast-growing Huntersville, with immediate connection to I-77, Birkdale Village and the abundant retail and entertainment amenities at Exit 25,” said Andrew Webb, Redline’s president and managing partner.
Response thus far has been exceptional, with substantial activity in both new leases and lease renewals at the property.
“Given Birkdale Point’s prime location and our commitment to create a top-tier office experience, we knew our value proposition for tenants would be compelling,” said Jon Dixon, managing principal of Ascent Real Estate Capital. “The market’s response to our new vision for the property has been outstanding.”
New amenities created by the renovations at Birkdale Point include:
• Multiple Wi-Fi-connected outdoor patios for work and gathering
• Tenant lounge with liquor lockers, bar, billiards and multiple seating and gathering areas
• Fitness center with shower facilities
• Grab & Go market
• Expanded footbridge to Birkdale Village and the McDowell Creek Greenway
As part of the renovations, the new owners redesigned all interior common areas and all building exteriors, including the installation of new wayfinding signage and landscaping. The owners also improved the existing footbridge that connects the office park to McDowell Creek Greenway and to Birkdale Village, making it easier for tenants to enjoy the outdoor, retail, restaurant and entertainment amenities nearby.
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.
