GBT Realty to Develop $25 Million Shopping Center in North Carolina

Fayetteville, N.C. — GBT Realty Corp. has acquired a 15-acre site in Fayetteville that will house The Shoppes of Fayetteville.

The $25 million, 126,500-square-foot center will be anchored by Fayetteville’s first Burlington Coat Factory and an unnamed sporting goods retailer. The shopping center will be located adjacent to The Home Depot and Target. The Brentwood, Tenn.-based developer plans to deliver the shopping center in summer 2016, with the 50,000-square-foot Burlington opening in spring 2016.