Infinisource Headquarters Coming To Ballantyne

Infinisource Holdings Inc. plans to move its corporate headquarters from Coldwater Michigan to the Harris Building in Ballantyne Corporate Park south of Charlotte. The company plans to create 162 jobs over the next five years with a $500,000 capital investment in Mecklenburg County. “We chose Charlotte not only because it is a great place to live and work, but also because it is an excellent place to find talent. The successful launch of our new Human Capital Management division will require strong candidates, and we feel confident we can find what we need in North Carolina,” said Gary Trainor, CEO of Infinisource Holdings Inc. If Infinisource meets the targets called for under the agreement, the Job Development Investment Grant (JDIG) could yield $1.913 million in maximum benefits for the company over the next eight years.

Charlotte Park Purchased By BECO Management

BECO Management, a Maryland-based real estate services firm, acquired three office properties in Charlotte for $7 million, or about $37-sqft.

The office buildings on Charlotte Park Drive total about 187,000-sqft and were 88 percent, 27 percent and zero percent leased at the time of sale. The properties were previously on the auction market but no sale went through, according to CoStar information. David Lampke of Faison Enterprises represented the seller, LNR Partners.

Charlotte Park is a three building office park situated in a campus setting, directly off of Billy Graham Parkway. Each building is constructed with split-faced concrete and double pained tinted glass exterior. Each lobby is adorned with granite flooring and local artwork. One features an elegant staircase, while another has two balconies overlooking a 3-story atrium with a skylight.

costar

Buying Land Between Ballparks

CK Mint Street LLC bought 1.69 acres on Martin Luther King Boulevard near Bank of America Stadium last month for $3.5 million, according to property records and NAI Southern Real Estate. The land, at 355 Martin Luther King Blvd., is currently being used as a parking lot. It is adjacent to the proposed new minor league baseball park at the corner of South Mint Street and Martin Luther King Boulevard. Developers once had big plans for the Third Ward area, including building a 39-story condo-hotel. Plans for the hotel were later scrapped.

charlotteobserver

Trail Connection To UNC Charlotte Opens

One recent example of a new trail is the Ruth G. Shaw Trail on the Toby Creek Greenway. This greenway extends from Mallard Creek Greenway to University City Boulevard (NC Hwy 49). This new section of the Carolina Thread Trail completes an important connection to UNC Charlotte and links the campus with the surrounding community. For maps and links please go to UNC Charlotte Urban Institute

Independence Boulevard Business Closings

Businesses are closing in anticipation of Independence Boulevard's conversion to an expressway. The $172 million project that starts this summer will widen a mile and a half of Independence between North Sharon Amity and Wallace roads and add interchanges.

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charlotteobserver

Carolina Pavilion And Salisbury Marketplace Sold

Blackstone Real Estate Partners has purchased two Charlotte area shopping centers from Equity One Inc. Carolina Pavilion, a big-box center off South Boulevard at I-485, totals 875,000-sqft. It opened in 1995, and its anchor tenants include Target and Kohl's. Salisbury Marketplace is a 79,700-sqft neighborhood center on Statesville Boulevard. It is anchored by a Food Lion supermarket and a Family Dollar store. Charlotte Business Journal

Belvedere Theater Leads Greenway Business Center

Belvedere Family Dentistry opened this fall in the 1950s-era landmark, which had sat empty for nearly two decades and is now part of the Greenway Business Center. Built as a cinema for blacks, the Belvedere Theater on Rozzelles Ferry Road has been revived and given a new purpose. The Charlotte Mecklenburg Development Corp. (CMDC) started developing the Greenway Business Center four years ago, buying three old buildings and 30 acres near the intersection of Rozzelles Ferry Road and West Trade Street. The group got the land ready for development and, working with Mecklenburg County, added a greenway along the adjacent Stewart Creek. The park currently has 11 buildable sites for sale and about 5,000 square feet available for rent.

Dental practice gives new life to old Belvedere Theater: