Bank of America tower to be sold in record-breaking deal

Charlotte, North Carolina. (Photo by Streeter Lecka/Getty Images)

CHARLOTTE, N.C. (AP) — A North Carolina developer says it’s agreed to purchase Bank of America’s new tower in Charlotte in what would be the most expensive office building sale in the state’s history.

Highwoods Properties is expected to close the $436 million deal in November as they move into the Charlotte market.

Developer Lincoln Harris and partner Goldman Sachs bought the site for $37.5 million in 2016. Bank of America employees started moving into the 33-story tower last week. Its headquarters remains in another building a few blocks away.

Real estate firm CBRE says the 2016 sale of One Wells Fargo Center in Charlotte for $284 million is the largest office building transaction in the state. But the tower sale would take that place if it goes through.