Rockefeller JV Secures Debt for $251M, 460-unit, office-to-residential Charlotte Conversion, Brooklyn & Church

3/4/2025

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MHN

• Subcategory: Capital Markets: Debt, MF: Market Rate, Office: CBD

• Tag: Closing | Conversion | JV-Partnership | New Construction

• Additional Filters-Subcategory: Capital Markets: Debt-Construction Loan, MF: Highrise, Office: Highrise

• Additional Filters-Tags: Conversion: Office-to-Residential

• Company: Bank of America (NYSE: BAC), Rockefeller Group, Asana Partners

A joint venture of Rockefeller Group, MRP Realty and Asana Partners has closed financing on Brooklyn & Church, a $251 million, 460-unit office-to-residential conversion of the former Duke Energy headquarters in Charlotte, N.C. Bank of America issued a $140 million construction note, according to Mecklenburg County public records.

The developer is decommissioning the 778,000-square-foot office building’s utilities, and exterior demolition work will start next month, Charlotte Business Journal reported. Completion is slated for late 2026 or early 2027, the same source shows.