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Estein USA and Vanderbilt Office Properties have acquired Ballantyne Tower, a Class A office building in Charlotte, N.C. SPX FLOW Inc. sold the 260,958-square-foot property for $71.5 million. JLL Capital Markets arranged the transaction.

JLL also marketed the building for sale and procured the buyer. Vanderbilt will manage and operate the property. According to Yardi Research Data, Goldman Sachs Bank provided a $40 million loan to help facilitate the deal.

SPX acquired the mid-rise building in 2014 for $60 million, Yardi Research Data also shows. Connect CRE reported that JLL began marketing the building for sale in March, with no official asking price but expecting it to fetch about $72 million.