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

Jul 18, 2016
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

Expansions and Renewals

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.