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Camp North End
LeasingNewsNorth Carolina

BayHaven Restaurant Group to Open Four Restaurants at Charlotte’s Camp North End

by Julia Sanders

Charlotte, N.C. — BayHaven Restaurant Group plans to open four restaurants at Camp North End, a mixed-use development currently underway in Charlotte. Passage Seafood, The Abyss, Bird Is The Word and B.A.D. (Beyond Amazing Donuts) are expected to open this summer. B.A.D. and Bird Is The Word will be situated next to each other in a 1,400-square-foot space; Passage Seafood will occupy 2,000 square feet; and The Abyss will occupy 1,300 square feet. Passage Seafood and The Abyss will offer indoor and outdoor dining space. Developed by ATCO Properties & …

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CaliforniaCompany newsNewsNorth Carolina

Petco to Launch New In-Store Concept at Select Lowe’s Stores in Sun Belt

by Julia Sanders

Mooresville, N.C. and San Diego — Lowe’s and Petco Health and Wellness Co. Inc. have announced plans to open a new in-store concept that will offer both home and pet products within select Lowe’s locations. The first Lowe’s + Petco store-in-store concept is slated to open at the Lowe’s Alamo Ranch store in San Antonio at the beginning of February. The companies plan to expand to 14 additional Lowe’s locations in Texas, North Carolina and South Carolina by the end of March. The purpose of the Lowe’s + Petco locations …

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ColoradoGeorgiaInvestment salesNewsNorth Carolina

Marcus & Millichap Arranges Sale of Three Retail Properties in Colorado, North Carolina and Georgia

by Julia Sanders

Golden, Colo., Charlotte, N.C. and Lithonia, Ga. — Marcus & Millichap has arranged the sale of three retail properties in Colorado, North Carolina and Georgia. Dispositions include an Advance Auto Parts location at 17151 South Golden Road in Golden, Colorado; a Dollar General location at 3708 Oakdale Road in Charlotte, North Carolina; and a Napa Auto Parts located at 7227 Covington Highway in Lithonia, Georgia. The three properties were purchased in one transaction by an undisclosed publicly-traded real estate investment company. Drew Isaac of Marcus & Millichap represented the seller, …

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LeasingNewsNorth Carolina

Several New Tenants to Open at Church Street Commons Shopping Center in Burlington, North Carolina

by Julia Sanders

Burlington, N.C. — Several new tenants are set to open at Church Street Commons, a recently constructed shopping center located at the intersection of Huffman Mill Road and Church Street in Burlington. Retailers set to open within the first quarter include The Habit Burger Grill, Aspen Dental, Popeye’s, uBreakiFix and Church Street Nails. Publix and My Eyelab opened in December 2021. Morgan Cos. purchased the 9.6-acre property, formerly the site of a Sears department store, in February 2019.

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South-Hills-Mall-Plaza
Investment salesNewsNorth Carolina

JLL Arranges $38.4 Million Sale of 365,000-Square-Foot Retail Center in Metro Raleigh

by Katie Sloan

Cary, N.C. — JLL Capital Markets has arranged the sale of South Hills Mall & Plaza, a 365,000-square-foot retail center in the Raleigh-area community of Cary. Sarah Godwin, Thomas Kolarczyk and Matt Winters of JLL represented the seller, an entity known as South Hills Shopping Center Inc. An affiliate of Northpond Partners acquired the property for $38.4 million. South Hills Mall & Plaza was 99 percent leased at the time of sale to tenants such as Northern Tool and Equipment, Roses, Tuesday Morning, Grand Asia Market, Anchor Auto Outlet, Mitchells Academy, Déjà Vu Furniture, NC …

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DevelopmentNewsNorth Carolina

Paragon Theaters to Open Remodeled Theater and Dine-In Cinema in Metro Raleigh

by Julia Sanders

Cary, N.C. — Paragon Theaters is set to reopen the company’s theater and dine-in cinema at Parkside Town Commons following renovations. The property is located at 1140 Parkside Main St. in Cary, about 12 miles from Raleigh. Renovations to the theater include the addition of zero-gravity, electronically-operated recliners with footrests; box VIP areas in each movie auditorium; full-service mobile ordering for in-theater dining; a kitchen and bar with food and cocktails; 16 bowling lanes; and an arcade. The remodeled property will also include an auditorium with a 66-foot-wide screen tilted …

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DevelopmentNewsNorth Carolina

Hines, Columbia Add Four Retailers to Tenant Lineup at 69-Acre Fenton Development

by Julia Sanders

Cary, N.C. — Hines and Columbia Development have signed four new tenants at Fenton, a 69-acre mixed-use project currently under construction in Cary. Vestique, Southern Tide, Archer Paper Goods and Club Pilates will open at the mixed-use property in April 2022. Vestique, a women’s clothing boutique, will open a 2,165-square-foot store; Southern Tide will open within a 1,726-square-foot space; Archer Paper Goods will open a 1,748-square-foot store; and Club Pilates will open a 1,845-square-foot studio. With the addition of these four new tenants, nearly 90 percent of the retail portion …

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University Hill
FinanceNewsNorth Carolina

Newmark Secures $65.5 Million in Refinancing for Mixed-Use Property in Durham

by Julia Sanders

Durham, N.C. — Newmark has secured $65.5 million in refinancing for University Hill, a mixed-use property in Durham with multifamily, retail and art uses. Josh Davis, Chris Caison and C.J. Webb of Newmark’s Debt and Structured Finance team secured the bridge financing on behalf of the project’s developer, Shoff Allison with Hawthorne Residential Partners, and Drake Real Estate Partners. Pacific Life Insurance Co. provided the financing, which included a floating rate loan with an initial term of three years and two, one-year extension options. Completed in 2020, University Hill offers …

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Food Lion
Company newsDevelopmentGeorgiaKentuckyNewsNorth CarolinaSouth CarolinaTennesseeVirginia

Food Lion Completes $127 Million Remodel of 87 Stores Across Six States

by Julia Sanders

Salisbury, N.C. — Food Lion has remodeled 87 stores across Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia for $127 million. The company’s recently unveiled new format offers a wider variety and assortment of goods across all departments; a greater number of natural, gluten-free and organic items; a larger variety of local craft beer and limited reserve wines; a bigger selection of easy and affordable meals for families; a wider variety of grab-and-go items and pre-sliced deli meats and cheeses; a larger selection of fresh produce and meat; a …

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Investment salesNewsNorth Carolina

Franklin Street Arranges Sale of 31,721-Square-Foot Retail Property in Northwest Charlotte

by Julia Sanders

Charlotte, N.C. — Franklin Street has arranged the sale of Riverbend Village, a 31,721-square-foot retail property in northwest Charlotte. Bryan Belk and John Tennant of Franklin Street represented the sellers, Simpson Commercial and Landmark Development, in the transaction. CenterSquare Investment Management acquired the property for an undisclosed price. Built in 2019, Riverbend Village features tenants including AT&T, Chicken Salad Chick, Great Clips, Heartland Dental, Jersey Mike’s Subs and Red Wing Shoes. The property has eight end caps that provide patio seating for restaurant tenants.

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