Medical Office Building in Charlotte’s Ballantyne Corporate Park Trades Hands, CBRE Represents Seller
30 May 2018
CBRE has arranged the sale of Harper Building, a 47,007-sq.-ft. Class A medical office asset located within the Ballantyne Corporate Park at 14135 Ballantyne Corporate Place in Charlotte, NC. At 95% occupancy, the property is currently home to Carolina Neurosurgery & Spine, Carolinas HealthCare System and Novant Health Presbyterian Medical Center, among other medical office tenants. Anchor Health Properties acquired the building from The Bissell Companies.
“The interest in core, infill office product in Charlotte is the strongest I have witnessed in my career,” said Mr. Gildea, executive vice president at CBRE. “Given Charlotte’s fundamentals and continued rapid growth, we expect this trend to continue.”
“There’s tremendous demand for well-contemplated medical office space nationwide with a limited supply of quality product in core markets like Charlotte,” added Lee Asher, vice chairman at CBRE Healthcare Capital Markets.
The property was constructed in 2006 within the 535-acre Ballantyne Corporate Park, a master planned development that includes more than four million sq. ft. of Class A office space, nearly 600 hotel rooms as well as restaurants, medical and retail amenities. Ballantyne has seen exceptional growth since its inception in 1996, with some of the fastest population growth in the country, including 50% faster than the Charlotte MSA.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.