News 7825 Ballantyne Commons Parkway Sells for $3.75 Million

Mar 12, 2014

7825 Ballantyne Commons Parkway

7825 Ballantyne Commons Parkway

Trinity Partners announces the sale of 7825 Ballantyne Commons Parkway for $3.75 million. The 27,418 SF medical professional office building was 92% occupied at closing and is located at the highly-visible corner of Ballantyne Commons Parkway and Rea Road in Charlotte’s Ballantyne area.

Mark Alviano, Director of Investment Property Sales, and Sam DiFranco, Partner, represented the building’s owner and Trinity Partners’ sister company, Trinity Capital Advisors. DHD Ventures purchased the building. “We proactively marketed the building to a local and regional network of qualified owners and investors,” Alviano said. “Our marketing paid off, attracting multiple offers that allowed Trinity Capital to earn over 96% of the initial asking price. Working with DHD was a very smooth process, and we were able to agree to key terms and close very quickly.”

DHD Ventures is a commercial and residential real estate development and property management firm with offices in Charlotte and Rochester, NY.

This is the fourth investment sale this quarter for the Trinity Partners team. Dunn Mileham recently brokered the sale of 6201 Fairview in Charlotte’s SouthPark, the Arrowridge Business Park industrial portfolio in Southwest Charlotte, and The Linville Building in North Charlotte.