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$71.5 million sale of the Ballantyne Tower in Charlotte's Ballantyne area signals a resurgence of interest in high-quality office properties, according to real estate experts.

    The nine-story building, which spans 260,958 square feet, sits on 5.4 acres at 13320 Ballantyne Corporate Place and boasts modern amenities such as a fitness center, rooftop terrace, and auditorium. The property is fully occupied by three companies: Dentsply Sirona, Columbus McKinnon, and SERC Reliability Corporation.

    JLL Capital Markets announced the sale, highlighting the growing demand for well-located office spaces with high-end features. "As the office market recovers from pandemic-related downturns and interest rate fluctuations, investors are recognizing the value of highly amenitized buildings that offer a strong workplace experience," said JLL Senior Managing Director Ryan Clutter.

    Clutter noted that companies are seeking to occupy attractive office spaces, driving demand for properties like Ballantyne Tower. "These assets will create significant investor returns as companies want their employees to work in these buildings," he added.