North Carolina

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 …

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.

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, …

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.

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.