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Trinity Capital Partners purchases Ballantyne property
By: Mecklenburg Times staff reports//December 6, 2011//
Trinity Capital Partners purchases Ballantyne property
By: Mecklenburg Times staff reports//December 6, 2011//
Listen to this articleCharlotte-based Trinity Capital Partners is betting on a medical-related real estate recuperation with its latest acquisition.
The company has purchased the loan secured by 7825 Ballantyne Commons Parkway. The purchase price has not been disclosed.
The 27,779-square-foot building at the intersection of Ballantyne Commons and Rea Road is home to mostly medical firms, including Carmel Pediatrics, Total Spine Specialists and Sona MedSpa, who are all long-term tenants.
“In this transaction, as with our other note purchases, we provided a quick and certain solution for both the lender and borrower, who owed more than the building was worth,” Walker Collier, managing director for Trinity, said in a release. Collier said the property’s location in Ballantyne was a major draw for the company.
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