A joint venture of Estein USA and Vanderbilt Office Properties has acquired Ballantyne Tower, a class A office building with 260,958 square feet in Charlotte, N.C., for $71.5 million.
JLL marketed the property on behalf of the seller, SPX FLOW, and procured the buyer. Vanderbilt will manage and operate the property for the buyer.
Ballantyne Tower is positioned on a 5.4-acre site at 13320 Ballantyne Corporate Place in south Charlotte. The property benefits from its location less than a quarter mile from Interstate 485 with connections to I-77 and I-85. Additionally, Ballantyne Tower is near Uptown Charlotte, Charlotte Douglas International Airport and some of Charlotte’s most affluent residential neighborhoods. The immediate area surrounding the property is highly amenitized, with a variety of multifamily units, hotel rooms and retail amenities, and is directly across from The Bowl, a more than $1 billion development project.
Completed in 2011, Ballantyne Tower
