Toringdon Leverages Mixed-Use Elements To Attract Tenants
Evolution into a more mixed-use character is helping non-urban core office parks maintain a competitive edge for tenants. The South Charlotte office park Toringdon is employing exactly that strategy.
“The mixed-use nature of the park continues to evolve as meaningful amenities open within walking distance, including the hotel and multifamily project,” Trinity Partners' Jennifer Kurz said.
The six-office-building park’s 4K SF tenant fitness center opened last fall, adjacent to Toringdon’s pocket park and urban green space, The Green. Beacon Investment Management Group’s 120-room Hampton Inn Hotel opened in March, across from apartments that Charlotte-based Proffitt Dixon is developing.
A number of restaurants — such as Midwood Smokehouse, Viva Chicken and Earth Fare — are nearby as well. Also, access via Community House Road is an advantage for tenants looking to avoid traffic, she said.
Deephaven Mortgage recently inked a lease renewal and expansion for 14K SF in Toringdon 3. Financial research firm Wilmington FRA leased 5K SF in Toringdon 1. Kurz, along with colleague Rhea Greene, repped owner Trinity Capital Advisors in the leases. The office park is now 93% leased.
The latest deals continue the park's momentum into 2017. During Q4 2016, tenants such as Selective Insurance, Atlantic Bay Mortgage and Maguire Insurance Agency signed for a total of 27K SF.
"Toringdon’s appeal is strong among businesses of all sizes,” Greene said. “The sustained demand for both the submarket and Toringdon bodes well for Toringdon 7, the last planned office building in the park.”
