Mar
14

Ballantyne Office Building Sold for $60.6 Million

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SPX Corp. has purchased its headquarters property at Ballantyne Corporate Park for $60.6 million. The company bought the property in two transactions late last month from affiliates of The Bissell Cos.

SPX’s nine-story headquarters building at 13320 Ballantyne Corporate Place and a four-story parking garage were sold for $54.2 million, and the underlying 5.4 acres of land were sold for $6.4 million. It’s the first time that developer and owner Bissell has sold an office building in Ballantyne Corporate Park, a 38-building development in south Charlotte near the intersection of Johnston Road and Interstate 485.

SPX announced in 2010 that it would build a new headquarters in Ballantyne Corporate Park, and the building was completed in early 2013. SPX’s building totals approximately 240,000 square feet and is on the east side of the south Charlotte office park, near the bridge over Johnston Road.

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