Press Releases
Marcus & Millichap Brokers $4.15 Million Sale of Retail Strip in Charlotte’s Ballantyne Submarket
June 30, 2025
CHARLOTTE, N.C., June. 30, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Shoppes at Toringdon, an 8,008-square-foot retail strip in Charlotte, North Carolina, for $4,150,000.
“Consistent with the strong demand for quality strip centers, we saw significant interest from buyers nationwide who recognized the value of an asset in Ballantyne, one of Charlotte’s most affluent and sought-after submarkets,” said David Gant, senior director investments.
Gant, along with Lori Schneider, executive managing director of investments, represented the seller in association with Donald Gilchrist, Marcus & Millichap’s broker of record in North Carolina.
The property, located at 12194 Johnston Road in Charlotte’s Ballantyne neighborhood, is fully leased to T-Mobile, MyEyeDr, and Trek Bicycle Store. Built in 2013 on 1.39 acres, it offers a parking ratio of 7.5 spaces per 1,000 square feet. The site is part of Toringdon Circle, a retail and office development at the intersection of Interstate 485 and Johnston Road, adjacent to Ballantyne Corporate Park.
“Consistent with the strong demand for quality strip centers, we saw significant interest from buyers nationwide who recognized the value of an asset in Ballantyne, one of Charlotte’s most affluent and sought-after submarkets,” said David Gant, senior director investments.
Gant, along with Lori Schneider, executive managing director of investments, represented the seller in association with Donald Gilchrist, Marcus & Millichap’s broker of record in North Carolina.
The property, located at 12194 Johnston Road in Charlotte’s Ballantyne neighborhood, is fully leased to T-Mobile, MyEyeDr, and Trek Bicycle Store. Built in 2013 on 1.39 acres, it offers a parking ratio of 7.5 spaces per 1,000 square feet. The site is part of Toringdon Circle, a retail and office development at the intersection of Interstate 485 and Johnston Road, adjacent to Ballantyne Corporate Park.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
