A freshly renovated slice of Charlotte’s office stock is officially up for grabs. The 14-building thExchange campus near Charlotte Douglas International Airport is on the market, with institutional owner Ares Management hiring CBRE to run the sale process. It is one of the larger office offerings to land in the airport submarket this year.
According to the Charlotte Business Journal, thExchange totals roughly 568,811 square feet and sits squarely in Charlotte’s Airport submarket. Elise Franco reports that CBRE is marketing the property on behalf of Ares Management, which took over the campus after prior lender issues.
Marketing materials from CBRE spotlight a more-than-30,000-square-foot amenity hub called THEHUB, upgraded building systems and modernized common areas. The campus’ promotional pages describe a multimillion-dollar renovation that delivered new lobbies, refreshed restrooms and an expanded fitness center geared toward hybrid tenants, as detailed in the thExchange brochure.
Asset History and Listing Details
ConnectCRE reports that Ares assumed control of the campus after lender difficulties and foreclosure activity in 2024, with data at the time showing occupancy below typical market levels. The campus is also posted on public commercial platforms such as LoopNet, confirming that it is being actively marketed to institutional buyers.
Why Buyers May Pay Attention
Prospective buyers will be weighing the work required to fully stabilize occupancy against the upside from the recent repositioning and the robust amenity package. Industry commentary and analysis from CBRE emphasize that amenity-rich, well-operated suburban campuses can outperform in the current leasing cycle, making thExchange a closely watched test case for investor appetite in Charlotte.
With CBRE handling the marketing and the campus freshly renovated, the sale is poised to provide a fresh data point on pricing for upgraded suburban office product in the Queen City. Local market players will be watching how quickly the campus can re-lease space and translate the recent capital investment into stabilized cash flow.
