Charlotte, N.C. — CenterSquare has acquired Riverbend Village Shops, an 18,550-square-foot retail center located in Charlotte. Comprising four buildings, the development marks the final phase of Riverbend Village, a master-planned community totaling 62,000 square feet. Tenants at the property include First Watch, Jeremiah’s Italian Ice, GoHealth Urgent Care, Vitamin Shoppe, Nana Morrison’s and Nothing Bundt Cake.
Durham, N.C. — Crosland Southeast has broken ground on Latta Park, a mixed-use project located on the north end of Durham. The first phase spans 10 acres and will include a 42,240-square-foot Publix grocery store and 12,580 square feet of additional retail space. Phase I will also comprise a food truck terrace, walking trails, green space and public art installations. Chip Lanier and Jenn Olevitch-Roberson of Lee & Associates will oversee retail leasing at Latta Park, which is scheduled for a spring 2026 completion. The developer is investing $2 million in …
Charlotte, N.C. — Legacy Realty Group Advisors has arranged the sale of Catawba Village, a 56,840-square-foot shopping center located in Charlotte. Food Lion anchors the property. Jacob Baruch of Legacy represented both the buyer and seller in the transaction.
Charlotte, N.C. — CenterSquare has acquired Olde Lancaster Town Center, a 43,044-square-foot retail center located in Charlotte. Tenants at the property, which was fully leased at the time of sale, include My Salon Suites, Aqua Tots, Lee’s Hoagies, Chesterbrook Academy and Eye Level Learning. The new ownership plans to implement improvements at the property including new paint, awnings, LED lights, string lights, patio seating, roofs, updated landscaping and signage enhancements.
Kernersville, N.C. — Legacy Realty Group Advisors has brokered the $17 million sale of Southside Square, a shopping center located in Kernersville. The property totals 80,240 square feet across five buildings. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy represented both the buyer and seller in the transaction.
Whiteville, N.C. — Legacy Realty Group Advisors has arranged the $5.5 million sale of Northfield Center, a retail center located in Whiteville. Food Lion anchors the property, which comprises 41,400 square feet. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented the undisclosed buyer in the transaction.
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FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million
Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …
Franklin, N.C. — Marcus & Millichap has brokered the $5.5 million sale of a retail center located in Franklin. Totaling 32,000 square feet, the property was 96 percent leased to 12 tenants at the time of sale. Retailers at the center include Dollar Tree, CATO and Sally Beauty Supply. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller in the transaction. Benjamin Yelm assisted as the firm’s broker of record in North Carolina.
Charlotte, N.C. and Travelers Rest, S.C. — Eggs Up Grill — a breakfast, brunch and lunch chain — has signed a new, seven-unit development agreement in North and South Carolina. Franchisee Conley McIntyre, who has a portfolio of existing Eggs Up outposts, will develop, own and operate the restaurants. Six of the locations will be in the Charlotte, North Carolina market, with an additional location in Travelers Rest, South Carolina. There are more than 100 Eggs Up Grill restaurants planned or currently underway.
Winter Park, Fla. — CTO Realty Growth Inc. has acquired a portfolio of three shopping centers located in Florida and North Carolina. The properties, which together total 893,000 square feet, include Carolina Pavilion in Charlotte, North Carolina; Millenia Crossing in Orlando, Florida; and Lake Brandon Village in Brandon, Florida. CTO purchased the portfolio from an undisclosed seller for $137.5 million. Carolina Pavilion, which was 93 percent leased at the time of sale, comprises roughly 691,000 square feet. Tenants at the center include AMC Theatres, Floor & Décor, Nordstrom Rack, Ross Dress for …
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