**Charlotte Office Tower Sells for $71.5 Million**
JLL Capital Markets has successfully arranged the $71.5 million sale of Ballantyne Tower, a 260,958-square-foot Class A office building located in Charlotte, North Carolina. The transaction price came in just shy of the original $72 million asking price.
The seller in the deal was SPX Flow, while the buyer was a joint venture between Estein USA and Vanderbilt Office Properties. Post-acquisition, Vanderbilt will be responsible for managing and operating the property on behalf of the joint venture.
Ballantyne Tower is located at 13320 Ballantyne Corporate Place in South Charlotte, situated on a 5.4-acre site. Completed in 2011, the nine-story office tower features high-quality buildouts and a comprehensive suite of tenant amenities. These include a fitness center, rooftop amenity terrace, locker rooms, a cafeteria/bistro, tenant lounges, and a 288-seat auditorium.
The building is fully leased to tenants including Dentsply Sirona, Columbus McKinnon, and SERC Reliability Corporation, highlighting its appeal and stability as an investment asset.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Ryan Clutter, CJ Liuzzo, Daniel Flynn, and Chris Irwin.
