Toringdon Poised for Additional Growth: Tenant Fitness Center, Hotel, Retail, and Multi-Family Coming Soon

South Charlotte’s Toringdon is continuing to grow, with new development, amenities (including a new tenant fitness center), and continued success with current and new office tenants. The six building Class A office park is located immediately off I-485, between Johnston and Community House Roads, surrounded by walkable amenities at Toringdon Circle and Toringdon Market, and additional retail and restaurants in the popular Ballantyne submarket.

Ownership is focused on creating additional amenities for tenants, starting with Toringdon’s 4,000 SF state-of-the-art fitness center, currently under construction and slated to open this September. The new amenity will be free for all tenants, and sits directly adjacent to Toringdon’s pocket park and urban green space, The Green. Additionally, retail space is currently being marketed to key retailers.

“We’re purposefully deliberate about the retail partnerships we’re seeing for the park,” noted Walker Collier, Partner at Trinity Capital, owner of the park. “Tenants appreciate that they can walk across the park to popular restaurants and retail like Miro and Earth Fare, and our new retail will only enhance that. The new hotel and multi-family development will allow us to have the true mixed-use community we’ve worked towards from day one.”

Beacon Investment Management Group’s Hampton Inn Hotel is currently under construction. The 120-room, six-story hotel is slated to open this September. Additional land adjacent to the park is under contract and slated for multi-family development. Construction will begin this fall.

Trinity Partners’ Rhea Greene and Jennifer Kurz represent the park on behalf of the owners, and have had a successful first half of 2016, with over 103,000 SF in transactions.

New Transactions

• John B. Elsberry leased 1,358 SF at Toringdon 3.
• The John R. McAdams Company leased 4,843 SF on the Green at Toringdon 5, represented by Spencer Hawkins and Ann-Fleming Powell with Trinity Partners.

Expansions and Renewals

• Heartland Payment Systems expanded to 8,329 SF at Toringdon 1.
• Flagstar renewed their lease for 2,823 SF at Toringdon 1.
• Berkshire Hathaway renewed their lease for 8,426 SF at Toringdon 1, represented by Barney Earles with CBRE.
• Coldwell Banker renewed their 10,800 SF at Toringdon 1.
• Keller Williams has expanded from 13,712 SF to 25,502 SF at Toringdon 2.
• Dean Foods renewed their lease for 10,005 SF at Toringdon 5.
• Novolex leased an additional 5,113 SF at Toringdon 5, represented by Adam Colvin and Spencer Hawkins with Trinity Partners.
• ADP renewed and expanded their space at Toringdon 5, now leasing a total of 25,347 SF, represented by CBRE’s Mike Fahey.

Toringdon also offers a 200,000 SF build-to-suit opportunity with Toringdon 7, the last planned office building for the established park.

“It’s been fun to watch Toringdon grow,” noted Kurz. “We continue to expand existing tenants who recognize that Toringdon’s access, strong amenity base, and features provide real value for their employees and tenants.”

ABOUT TRINITY CAPITAL
Trinity Capital Advisors focuses on the acquisition and development of institutional quality commercial real estate in the southeastern United States. The firm has invested over $1.8 billion acquiring and developing over 13 million square feet of the most successful workplace real estate projects in North Carolina, South Carolina, Tennessee, and Florida, including CBD office towers, industrial portfolios, suburban office parks, and mixed use developments. Investments are capitalized through various Trinity Capital investment vehicles and partnerships with some of the country’s top institutional investors. For more information about Trinity Capital, please visit our website at trinitycapitaladvisors.com.