9
High Point, N.C. — West Palm Beach, Florida-based FrostPoint Capital has acquired a 33,455-square-foot retail center in High Point. Located at 1800 N. Main St., the unanchored shopping center is roughly one mile west of High Point University. Tenants at the property include Company’s Coming, 98 Asian Bistro, Tea Time Boba Tea Lounge, Hair Kutts Salon, Still Waters Spa, TL Fitness and Q’s Corner.
FrostPoint Capital is planning an extensive redevelopment that will pay tribute to the site’s former occupant, Lyles Chevrolet. This transaction marks FrostPoint Capital’s 14th acquisition in the Southeast and its first in North Carolina.
Berkeley Capital Advisors brokered the transaction.