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| Toringdon Office Park, Charlotte, NC |
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| Travis Anderson |
The HFF team worked on behalf of the borrower, Trinity Capital
Advisors, to secure the floating-rate loan through Bank of America Merrill
Lynch.
Loan proceeds are refinancing an existing loan for the six-building office park, which HFF arranged in 2015, and funding the development of a seventh building, Toringdon 7, in the same park.
Loan proceeds are refinancing an existing loan for the six-building office park, which HFF arranged in 2015, and funding the development of a seventh building, Toringdon 7, in the same park.
Toringdon Office Park consists of six properties located at 3420,
3430, 3440, 3426, 3436 and 3530 Toringdon Way directly off Johnston Road in the
Ballantyne submarket of Charlotte. This location, about 10 miles south of
Charlotte’s central business district, provides direct access to Interstates
485 and 77 and the Interstate 85 corridor.
The buildings were constructed
between 2001 and 2008, and the park is 95 percent leased overall.
The park’s largest tenants include Selective Insurance, Crown Castle, Heartland Payment Systems and TIAA-CREF. Toringdon 7, which is scheduled for completion in December 2019, will feature 198,195 square feet.
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| Cory Fowler |
The park’s largest tenants include Selective Insurance, Crown Castle, Heartland Payment Systems and TIAA-CREF. Toringdon 7, which is scheduled for completion in December 2019, will feature 198,195 square feet.
HFF’s debt placement team representing the borrower consisted of
senior managing director Travis Anderson and senior director Cory Fowler.
For more information, please contact:
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
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