State working on $12.6 million in deals for three properties in downtown Raleigh and Charlotte

state capital building

Triangle Business Journal reported on an announcement from Gov. Pat McCrory that the state had reached agreements for the sale of three state-owned properties in Raleigh and Charlotte that have been for sale since late last year.

The Raleigh properties include the state Personnel Training Centre building on Peace St. and the Old Steam Plant property on Dawson St. The paper reports both “had been deemed to be “underutilized” as state properties per the governor’s Project Phoenix initiative, aimed at re-evaluating use of the state’s property assets across the state.”

In Charlotte, the state accepted a $6 million offer for the 49-acre property that includes the former Charlotte Correctional Facility, closed in 2011.

Details on the potential buyers were not disclosed, but it was “expected that each of the properties would be targets for redevelopment by a private real estate investment firm.” Decision on a final sale will be considered by the Council of State in December.


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