North Carolina

Charlotte, N.C. — Marcus & Millichap has brokered the $6 million sale of Eastland Promenade, a 26,615-square-foot retail strip center located in Charlotte. Built in 1988, the property features 10 retail suites and was fully occupied at the time of sale by a mix of local businesses, restaurants and service-oriented tenants. Eastland Promenade is situated adjacent to Eastland Yards, an 80-acre mixed-use project underway. Kyle Carpentier, Andrew Margulies and Harrison Creason of Marcus & Millichap marketed the property on behalf of the seller, a local family ownership group, and procured the …

Knightdale, N.C. — Invesco Real Estate has acquired Knightdale Marketplace, a 323,000-square-foot super-regional shopping center located in Knightdale, roughly 10 miles east of downtown Raleigh. Tom Kolarczyk, Andrew Kahn, Ella Glover and Katie Sanger of JLL represented the seller, a joint venture between affiliates of Bailard Inc. and M&J Willow Ltd. Delivered in 2007 and 2008 on nearly 44 acres, Knightdale Marketplace was fully leased at the time of sale. Tenants include Academy Sports + Outdoors, Best Buy, T.J. Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart, Barnes & …

Burlington, N.C. — 10 Federal, a data-driven commercial real estate firm and private equity investment manager, has acquired Eric Lane Shopping Center, a 219,850-square-foot retail property located in Burlington, roughly 22 miles east of Greensboro. This acquisition marks the company’s entry into the retail sector. Situated on 25 acres, Eric Lane Shopping Center features a mix of tenants including Northern Tool + Equipment, Carolina Bridal World, Grace Chapel and Colfax Furniture, among others.

Indian Trail, N.C. — Marcus & Millichap has brokered the $3.3 million sale of Village Shoppes, a 12,075-square-foot, retail strip center located in Indian Trail, roughly 16 miles southeast of Charlotte. Situated on a 2-acre lot near a Walmart Supercenter, Village Shoppes was fully leased at the time of sale to Little Caesars, a dentist practice, pet store, salon and a performing arts studio. A fund-based private equity group purchased the property from a partnership based on the West Coast. Harrison Creason, Andrew Margulies and Kyle Carpentier of Marcus & Millichap …

Asheville, N.C. — Colliers has negotiated the sale of Westgate Shopping Center, a 111,852-square-foot shopping center located at 40 Westgate Parkway in Asheville. Built in 1956, Westgate is leased to Earth Fare, CVS Pharmacy, Crumbl Cookies, The UPS Store and other national and regional retailers. UNC Health purchased the shopping center from FIRC Group Inc. for an undisclosed price. Scott Israel of Colliers represented the seller in the transaction, while John Spake of Spake Real Estate represented the buyer.