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Principal Lands Piedmont Town Center for $171M

Crescent Sells 500,000-SF Mixed-Use Development in Charlotte
By Laurie Forbes
November 8, 2007 | 4:59 AM

Principal Real Estate Investors acquired Piedmont Town Center, a nearly 500,000-square-foot office and retail portfolio in Charlotte, NC, from Crescent Resources LLC. The four-building portfolio sold for $171 million, or approximately $342 per square foot, according to published reports.

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