KHP buys historic, The Johnston Building, in Downtown Charlotte for $19.3M ($100.30psf) with plan to convert to hotel

  • 5/21/2024

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KHP Capital Partners has purchased a historic Charlotte building. The company paid $19.3 million for The Johnston Building, a 100-year-old uptown office building. Spaulding & Sly Investments was the seller. The Charlotte Business Journal reports Spaulding & Sly acquired the property from The Dilweg Co. in 2019 for $35.3 million. Mecklenburg County’s 2023 property revaluation appraised the building at $45.4 million.

KHP Capital Partners
Jeff Stulmaker | Partner, CIO

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