Charlotte, N.C. — CenterSquare Investment Management has acquired Gold Hill Commerce Park, an 11,835-square-foot service retail shopping center located in Charlotte. The property was fully leased to tenants including Marco’s Pizza, UrgentVet, Select Physical Therapy and Allen Tate Realty at the time of sale. This transaction marks CenterSquare’s 20th acquisition in the Southeast.
Toledo, Ohio — Toledo-based Eidi Properties has acquired 39 shopping centers totaling 650,257 square feet across Illinois, Florida, Virginia, Michigan, North Carolina and Indiana. This transaction, which features a mix of power centers, grocery-anchored plazas and community hubs, brings Eidi’s portfolio to nearly 80 retail properties and more than 1.5 million square feet. The properties were all purchased from Dembs Development. Joel Jerger of WesBanco, Andy Maher and Brian White of Waterford Bank, N.A., as well as John Skeldon and Joe Bajas of Cooperative Business Services (CBS), all based in …
Selma, N.C. — AdVenture Development has broken ground on a BJ’s Wholesale Club located within the master planned community of Eastfield Crossing, a 3 million-square-foot mixed-use development located in Selma. The new club, which will feature an on-site BJ’s gas station, will total 100,000 square feet. Additional tenants at the development include Academy Sports + Outdoors, Hobby Lobby, Old Navy, Ulta Beauty, Marshalls, Ross Dress For Less, Burlington, Five Below, Chase Bank and Target. Eastfield Crossing is situated on 400 acres and includes a business park, retail and entertainment space, …
Roxboro, N.C. — Prudent Growth Partners has acquired Shops of Roxboro Square, a 29,900-square-foot shopping center located in Roxboro, roughly 30 miles north of Durham. Prudent Growth purchased the property for $4 million. Built in 1988, the center comprises 11 tenants including La Cocina Mexican Restaurant, Jolly Nails, United Home Care, Buddy’s Home Furnishings, Taste of NY Deli & Pizza and New Southern Loans.
Charlotte, N.C. — Cushman & Wakefield has arranged the $19.9 million sale of Carmel Village, a 53,615-square-foot retail center located in Charlotte. The center — which was 91 percent leased at the time of sale — features a mix of tenants including Bonefish Grill, Mathnasium, Eye Care Partners, Chick-O-Rice, NY Old School Bagels and QC Tea Bar. Margaret Jones, Lane Breedlove and Miguel Alcivar of Cushman & Wakefield represented the seller, Raptor Realty Investments, in the transaction.
Greensboro, N.C. — CBL Properties has announced that four new restaurants and two new retailers will be joining the tenant lineup at its Friendly Center, a 1.3-million-square-foot regional center located in Greensboro. All four restaurants — Cooper’s Hawk, First Watch, North Italia and French artisan bakery Tous les Jours — as well as LEGO, plan to open by the end of the year, while Rowan anticipates opening this summer. Additional openings are expected in 2025. Current tenants at Friendly Center — which comprises more than 140 stores and services — include …
Burlington, N.C. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Alamance Crossing, a 456,742-square-foot retail center located in Burlington. Hobby Lobby, Carousel Cinemas, Barnes & Noble and Belk anchor the center. Additional retailers at the property comprise a mix of restaurant, fitness, beauty, jewelry and service-based tenants including Buffalo Wild Wings, Tropical Smoothie Café, Anytime Fitness, Bath & Body Works, Kay Jewelers and DentalWorks. Tom Dobrowski of Newmark’s Capital Markets Group represented the undisclosed seller.
Henderson, N.C. — Henderson, North Carolina-based Variety Wholesalers has announced the first wave of reopenings for its newly obtained Big Lots locations. After Ohio-based Big Lots filed for Chapter 11 bankruptcy protection in September 2024, Variety Wholesalers acquired 219 Big Lots stores. Beginning April 10, nine stores will reopen across six states including Kentucky, Louisiana, Mississippi, North Carolina, Tennessee and Virginia. The remodeled stores will feature a selection of closeout deals, new merchandise categories, apparel and electronics. Variety Wholesalers will reopen the remaining acquired locations in subsequent waves. Approximately 55 …
Smithfield, N.C. — Legacy Realty Group Advisors has arranged the sale of Centre Pointe Plaza, a 159,259-square-foot retail center in Smithfield, approximately 30 miles southeast of Raleigh. An undisclosed buyer purchased the property for $11.6 million. Originally built in 1989, the shopping center is anchored by Belk. Additional tenants at the property include Bealls, Dollar Tree, Hibbett Sports, Subway and T-Mobile. Daniel Baruch of Legacy Realty Group represented the buyer. Steve Shields of CBRE represented the undisclosed seller in the transaction.
Gastonia and Raleigh, N.C. — Charlotte, North Carolina-based department store chain Belk will open two new outlet stores in North Carolina this spring, marking its second and third outlet locations in the state. The stores will occupy the Eastridge Mall in Gastonia and Triangle Town Center in Raleigh. Belk Outlets offer a selection of high-end brands and products at a discounted price; fashion and home merchandise purchased specifically for the outlet locations; and products that come directly from traditional Belk stores. Both locations will continue to operate traditional Belk stores …
