North Carolina

Kannapolis, N.C — CenterSquare has acquired Northlite Commons, a 22,901-square-foot service retail property in Kannapolis, a suburb of Charlotte. The center was 93 percent leased at the time of sale to tenants including ABC Liquor, AT&T, Sally Beauty and GameStop, according to LoopNet Inc. CenterSquare plans to make improvements at Northlite Commons, such as new exterior paint, the installation of energy-efficient LED lighting, upgraded landscaping, sealcoating and restriping of the parking lot, replacement of the roof and enhancements to the pylon sign. Northlite Commons marks CenterSquare’s 23rd acquisition in the Southeast …

Charlotte, N.C. — Conshohocken, Pennsylvania-based CenterSquare has acquired Colonnade at Kings Grant, a 21,265-square-foot service retail property located in Charlotte. Tenants at the three-building center, which is fully leased, include Jimmy John’s, Sweet Frog and Original Mattress. CenterSquare plans to renovate the property with the inclusion of LED lights and patio seating, fresh paint, updated landscaping, parking lot seal coating, pylon sign enhancement and new roofs on all buildings. Colonnade at Kings Grant marks CenterSquare’s 60th acquisition nationally.

Rolesville, N.C. — Chapel Hill, North Carolina-based Prudent Growth Partners has sold Rolesville Town Center, a 19,500-square-foot neighborhood shopping center located in Rolesville, a suburb of Raleigh. The property sold for $4.5 million. Tenants at the center include Megan Nails, Kruse Chiropractic, Black & White Coffee Roasters, Pizza Hut and Rolesville Equipment Co. Additional details of the transaction were not disclosed. Prudent originally purchased Rolesville Town Center in September 2021 for $3.1 million.

Charlotte, N.C. — Marcus & Millichap has brokered the $4.2 million sale of the Shoppes at Toringdon, an 8,008-square-foot retail strip center located within the Toringdon Circle mixed-use development in Charlotte’s Ballantyne neighborhood. Situated at 12194 Johnston Road, the property was fully leased to T-Mobile, MyEyeDr. and Trek Bicycle at the time of sale. Built in 2013, the center is situated on 1.4 acres. David Gant and Lori Schneider of Marcus & Millichap represented the seller in the transaction. Donald Gilchrist served as Marcus & Millichap’s broker of record in …