A five-story office building in SouthPark just became the entry point for a Texas investor's first foray into Charlotte real estate. Endeavor Real Estate Group has acquired Carnegie Point at 6101 Carnegie Blvd., a deal that marks the Texas-based company's debut property in the city.
The acquisition milestone was reported by The Business Journals, which also notes that Endeavor Real Estate Group is based in Texas and that the acquisition represents the firm's first Charlotte-area holding. The outlet reports that Carnegie Point is roughly 92% leased. Redline Property Partners, which previously owned the asset, lists the building at approximately 107,405 rentable square feet in its portfolio materials.
Either way, the five-story tower sits in one of Charlotte's most sought-after submarkets. A marketing flyer for the property confirms its address inside SouthPark, a high-end submarket.
What's Inside Carnegie Point
Carnegie Point's amenities have long been part of its pitch to tenants. When Redline Property Partners acquired the building in a prior transaction, the firm described it as including a five-story tower, abundant covered parking, a tenant lounge and an outdoor patio, according to the company's own announcement of that purchase. Those features have apparently helped keep the building a draw for office users even as remote work reshaped demand across the sector.
Endeavor, for its part, describes itself as offering a range of investment services that include acquisitions, development and fund management, per its own company materials.
A Submarket Still Drawing Big Money
SouthPark has seen a string of notable office and medical-office trades this year. In April, Anchor Health Properties acquired the 151,993-square-foot Azalea Building in SouthPark for $59.5 million, according to a Charlotte Business Journal report. And just blocks from Carnegie Point, Hines has unveiled plans for a 19-story office tower, multifamily building and retail at a mixed-use redevelopment on Carnegie Boulevard, the Business Journal reported in August — signaling continued appetite for new investment in the corridor.
Beyond SouthPark, Charlotte's broader office market has also been trending upward. The market posted 660,589 square feet of positive net absorption in the second quarter of 2026, pushing vacancy down to 16.0%, according to a Colliers research report. That vacancy figure was the lowest recorded since late 2023, the same report found, with the central business district alone accounting for more than 609,000 square feet of that absorption.
Top-tier Class A space in submarkets like South End and SouthPark has been commanding rents above $45.00 per square foot, Colliers reported — a sign of just how competitive the premium end of Charlotte's office market has become. Other recent deals underscore the range of pricing investors are willing to pay across the metro: Investicore Holdings USA paid $64 million for the 568,811-square-foot ThExchange office park last month, while New England Investment Properties bought a smaller building on West Trade Street for $32 million in early 2025, according to separate reports from Commercial Real Estate Direct.
Redline Property Partners, which has owned Carnegie Point, says it concentrates on high-growth metro markets in the Carolinas and Minnesota, targeting underperforming office, industrial and flex properties for redevelopment. Whether that playbook mirrors Endeavor's own plans for the SouthPark building is not something available records address, but the deal gives the Texas firm a foothold in a submarket that continues to attract fresh capital.
