PRP, LLC acquired 374,000 Square Foot Honeywell Global Corporate Headquarters at Charlotte's Legacy Union from a fund managed by Goldman Sachs Asset Management, L.P., Lincoln Harris, LLC and Honeywell International Inc. for $280 million.
December 20, 2021
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PRP, LLC acquired 374,000 Square Foot Honeywell Global Corporate Headquarters at Charlotte's Legacy Union from a fund managed by Goldman Sachs Asset Management, L.P., Lincoln Harris, LLC and Honeywell International Inc. (NasdaqGS:HON) for $280 million on December 21, 2021. Lincoln Harris will continue to serve as leasing agent and will also provide property management services at the building. Patrick Gildea, Matt Smith and Will Pike of CBRE represented the sellers in the transaction.
PRP, LLC completed the acquisition of 374,000 Square Foot Honeywell Global Corporate Headquarters at Charlotte's Legacy Union from a fund managed by Goldman Sachs Asset Management, L.P., Lincoln Harris, LLC and Honeywell International Inc. (NasdaqGS:HON) on December 21, 2021.
Honeywell International Inc. specializes in the manufacturing and marketing of industrial equipment. The group also offers maintenance, technical assistance and engineering services. Net sales break down by family of products as follows:
- aeronautical equipment (37.2%): engines, navigation hardware and software, propulsion and communication systems, satellite and space components, lighting equipment, wheels, etc. The group also offers turbochargers for motor vehicles;
- performance materials and technologies (31.4%): polymers, fibers, resins, acids, additives, catalysts, sorbents, semiconductor packaging materials, coating materials, etc.;
- building automation and control systems (16.4%): heating and ventilation control systems, fire alarms, thermostats, monitoring systems, etc.;
- security and productivity optimization solutions (15%): personal safety equipment, warning systems, gas detection systems, data collection and thermal printing computer solutions, warehouse and supply chain automation systems, data and production process management solutions, etc.
Net sales are distributed geographically as follows: the United States (57%), Europe (22%) and other (21%).
PRP, LLC acquired 374,000 Square Foot Honeywell Global Corporate Headquarters at Charlotte's Legacy Union from a fund managed by Goldman Sachs Asset Management, L.P., Lincoln Harris, LLC and Honeywell International Inc. for $280 million.
HONEYWELL INTERNATIONAL INC. 
