 |
| Travis Anderson |
CHARLOTTE, NC – Aug. 15,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged joint venture equity and construction financing for the development of
Fountains at Ballantyne, a 245-unit,
Class A multi-housing development in Charlotte, North Carolina.
HFF worked on behalf of
the developer, Proffitt Dixon Partners, to arrange joint venture equity capital
with The Carlyle Group. In addition, HFF
secured $29.102 million in construction financing for the partnership through
TD Bank.
Fountains at Ballantyne
will be located at 12135 N. Community House Road just north of Interstate 485
within Toringdon Office Park.
Situated in the Ballantyne/Toringdon
submarket, the property will be proximate to more than 5.98 million square feet
of Class A office space and many large employers, including MetLife, SPX and
Snyder-Lance Inc.
Due for completion in summer of 2018, the
property will have 245 studio, one-, two- and three-bedroom units within a
four-story wrapped deck-style building.
Units will feature 9’ to
12’ ceilings, expansive master closets, computer niche workstations, pantries
and linen closets, stainless steel appliances, stand-up showers, in-unit
washers and dryers and balconies/patios.
Common area amenities
include an 8,000-square-foot clubhouse and fitness center with yoga room;
resort-style swimming pool with sun deck; courtyard with gas grills, bar and
fire pit; fenced dog park and pet wash station.
The HFF debt and equity
placement team representing the developer was led by senior managing director Travis Anderson, director Allan Lynch, managing director Justin Good and associate director Cory Fowler.
 |
| Allan Lynch |
“Charlotte’s Ballantyne
submarket is one of the most moved-to zip codes in the United States due to the
influx of new development and steady job growth,” said Anderson.
“Combined with its
position within Toringdon Office Park and its proximity to Interstate 485,
Fountains at Ballantyne is a unique live-work-play community strategically
positioned for healthy lease-up and overall success once completed.”
“With extensive
development experience between Proffitt Dixon and Carlyle, the property will
benefit from the partnership’s detailed approach to development and the unique
urban setting in Toringdon as they deliver the first multi-housing building
incorporating structured parking within the submarket,” said Fowler.
“With only 650 units
delivered in 2015 and only 570 planned over the next two years, the limited
supply of new multi-housing development in the area will further increase the
property’s appeal to renters,” added Fowler.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations Coordinator
Public Relations Coordinator
HFF | 9
Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
No comments:
Post a Comment