North Carolina

Charlotte, N.C. — Two retail tenants have signed leases at Oakhurst Commons, a 135,000-square-foot mixed-use development in Charlotte. New fitness concept The Health Club will occupy 15,000 square feet. Ilios Crafted Greek will also open a 2,400-square-foot restaurant. MDH Partners and Parkway Partners are the landlords of the property, which is currently 50 percent leased. Charles Thrift and Thompson Brock of Thrift Commercial Real Estate Services manage retail leasing at the development. 

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Berkeley-Plaza_Goldsboro-N.C

Goldsboro, N.C. — Marcus & Millichap has brokered the $10.5 million sale of Berkeley Plaza, a 101,812-square-foot shopping center in Goldsboro. Tenants at the property, which was fully occupied at the time of sale, include Big Lots, Gold’s Gym, Staples, Books-A-Million, AT&T and U.S. Armed Forces. Andrew Margulies, Harrison Creason and Harrison Jones of Marcus & Millichap represented the seller, a North Carolina-based investor, in the transaction. Bold Commercial Real Estate represented the buyer, a family office. 

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Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.

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Concord, N.C. — An affiliate of Yale Realty Services Corp., in partnership with an international family office, has acquired Afton Ridge, a 294,617-square-foot shopping center located in Concord, roughly 25 miles northeast of Charlotte. Robert Altman of Altman Warwick Inc. and Bat Barber of Medalist Capital arranged the $49.2 million acquisition on behalf of the buyer. Mike Burkard and Steve Shields of CBRE represented the undisclosed seller in the transaction. MetLife financed the acquisition with a $29.6 million mortgage.  A Super-Target anchors the property, which was 97 percent occupied at the …

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Morganton-Park-South_Southern-Pines

Southern Pines, N.C. — BWE has arranged a $24.3 million loan for the construction of Phase II of Morganton Park South, a retail development underway in Southern Pines. Situated near the Pinehurst Golf Resort, Phase II is fully preleased and will house the region’s first BJ’s Wholesale Club. Phase I of Morganton Park South is occupied by tenants including Target, Dick’s Sporting Goods/Golf Galaxy and HomeGoods. Daniel Rosenberg and Logan Petersmeyer of BWE originated the interest-only loan on behalf of the borrower, Midland Atlantic Properties. The loan was underwritten with a …

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Heritage-Crossing_Kinston-N.C

Kinston, N.C. — Legacy Realty Group Advisors has brokered the $3.5 million sale of Heritage Crossing, a 50,467-square-foot shopping center located in Kinston. Food Lion, Rainbow and Hibbett Sports anchor the property. Jacob Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction. 

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Cary, N.C. — A partnership between an affiliate of Mack Real Estate Group (MREG) and Soundwater Properties has purchased Maynard Crossing, a 122,091-square-foot shopping center located in Cary, a suburb of Raleigh. Built in 1996, the property was 88 percent leased at the time of sale to tenants including anchor Harris Teeter, Workout Anytime, Doctors Express, Riccobene Family Dentistry, Brigs Restaurant, Kathmandu Kitchen and All American Swim Supply, as well as a newly built outparcel gas station. Tom Kolarczyk, Danny Finkle, Jim Hamilton and Steele Burkett of JLL represented the undisclosed …

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Matthews and Raleigh, N.C. — Nordstrom Rack, the off-price retail division of Nordstrom, will open two new stores in North Carolina, expanding the retailer’s footprint in the state by 57,000 square feet. Scheduled to open this fall, the first store will comprise 32,000 square feet within Triangle Town Place in Raleigh. Other tenants at Triangle Town Place include Dick’s Sporting Goods and DSW. Global Net Lease owns and manages the property. The second store, which is scheduled to open spring 2025, will occupy 25,000 square feet within Sycamore Commons in Matthews. …

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Fiddler's-Run_Morganton-N.C

Morganton, N.C. — Legacy Realty Group Advisors has brokered the $8.3 million sale of Fiddler’s Run Shopping Center in Morganton. Food Lion anchors the property, which totals 200,000 square feet. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction. 

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Charlotte, N.C. —Big V Property Group has appointed Eric Zimmermann as the Charlotte, North Carolina-based company’s chief acquisitions officer. Zimmermann previously served as a managing director with Eastdil Secured before joining Big V in 2023 as an advisor to the executive committee. His track record includes arranging the $660 million sale of Country Club Plaza in Kansas City, Missouri, and the $494 million sale of Avalon in Atlanta. “We are very excited that Eric has agreed to lead our acquisition and disposition efforts on a permanent basis,” says Jeffrey Rosenburg, president …

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