Marshall Williamson

"The medical community loves office condominiums," says Marshall Williamson, vice president of the Stephens Co. in Charlotte and a tenant/buyer rep."The practice pays their rent, and they use their depreciation to offset taxable income."

Other owners include insurance agents, financial planners and advisers, attorneys, CPAs and real estate firms such as Paradigm.A notable exception to the rule is Halifax Square, a 57-unit development by Ed Elam Realty in the Westinghouse Boulevard area, where industrial-related firms have congregated, including engineers, CPAs and two corporate headquarters.

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As a result, the average square footage of an office condo in Mecklenburg is 1,626 square feet, but condo sizes range from 1,200 to 6,000 square feet, according to Williamson.

For example, the standard plan - four 7,400-square-foot, two-story Williamsburg-style buildings - is just a starting point at University East Professional Center, part of Crosland's 100-acre University East Business Park in University City.

Buyers appreciate flexibility in design
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"It's fairly common for people to buy two units, occupy one and invest in the other," Williamson says."If it's a 6,000-square-foot condo, usually the owner will occupy one half and lease one half."

This also works well for companies who anticipate future growth.

-- Marshall Williamson , Vice presidentThe Stephens Co.

It's the greatest tragedy I think will ever , ever happen in my lifetime.People here were just in shock.We're not getting back to normalcy , but we are getting back into a routine.Still , I just can't believe this has happened.I just hope our government responds quickly and appropriately.

Marshall Williamson with The Stephens Company represented the tenant.
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Ted Lee with Spectrum Brokerage Services handled the brokerage and Marshall Williamson of The Stephens Company represented the tenant.