North Carolina

Nuveen Acquires Two Retail Centers Totaling 139,732 Square Feet

by Hayden Spiess April 18, 2023

Atlanta and Charlotte, N.C. — Nuveen Real Estate has acquired two retail centers totaling 139,732 square feet in separate transactions. Roswell Wieuca in Atlanta was originally constructed in 1954 and comprises 73,370 square feet. The property is grocery-anchored and was 98 percent occupied at the time of sale. The second property, Specialty Shops SouthPark in Charlotte, was purchased in partnership with Hill Partners, which has managed and leased the property since 2014. Specialty Shops features 65,362 square feet and was fully leased at the time of sale.

April 18, 2023

Alabama California Florida Georgia Illinois Mississippi Net lease New York News North Carolina Texas Virginia Washington

Matthews Brokers $20.1 Million Sale of Napa Auto Parts Portfolio

by Hayden Spiess April 18, 2023

Los Angeles — Matthews Real Estate Investment Services has brokered the $20.1 million sale of a portfolio comprising 12 single-tenant retail properties. Located in Alabama, California, Florida, Georgia, Illinois, Mississippi, New York, North Carolina, Texas, Virginia and Washington, the properties are all occupied by Napa Auto Parts on a net-lease basis. Brandon Perez and Bill Pedersen of Matthews arranged the sale on behalf of the undisclosed limited liability company. A publicly traded REIT purchased the portfolio.

April 18, 2023

Development Mixed-use News North Carolina

Crescent Communities Plans River District Master-Planned Community in Charlotte

by Hayden Spiess March 28, 2023

Charlotte, N.C. — Crescent Communities plans to break ground Wednesday on The River District, a master-planned community on Charlotte’s west side. The development will span 1,400 acres between the Catawba River and Charlotte Douglas International Airport, including 500 acres of preserved land. Upon completion, The River District will feature 5,000 residences (single-family homes and apartments), 8 million square feet of commercial space, hotels and retirement homes. Crescent expects the development to generate more than $5.6 billion of gross annual economic impact for the region and state. “The River District’s location …

March 28, 2023

Investment sales News North Carolina

EverWest Sells Retail Center in Charlotte for $40.2 Million

by Hayden Spiess March 21, 2023

Charlotte, N.C. — EverWest Real Estate Investors has sold Specialty Shops SouthPark, a 65,362-square-foot retail center located in Charlotte, for $40.2 million. Hill Partners purchased the property, which is leased to tenants including Williams-Sonoma, Drybar, Talbots and Paco’s Tacos & Tequila.

March 21, 2023

Leasing News North Carolina

Massage Studio, Brewery Sign Leases Totaling 5,000 Square Feet at Oakhurst Commons in Charlotte

by Hayden Spiess March 20, 2023

Charlotte, N.C. — Two tenants have signed leases at Oakhurst Commons, a 135,000-square-foot adaptive reuse project currently underway in Charlotte. Massage studio Mood House will lease 3,000 square feet, marking the brand’s second Charlotte location. Additionally, Pop the Top Craft Beer will open a 2,000-square-foot brewery with outdoor patio space. A joint venture between MDH Partners and Parkside Partners acquired the property — formerly home to a five-building office, warehouse and lab facility — in 2021. Upon completion, the development will include 120,000 square feet of office space and 15,000 …

March 20, 2023

Grocery-anchored Investment sales News North Carolina

Publix Opens 46,791-Square-Foot Store at Marketplace at Ellis Crossing in Durham, North Carolina

by Hayden Spiess March 17, 2023

Durham, N.C. — Publix Super Markets has opened a 46,791-square-foot store at Marketplace at Ellis Crossing, a 30-acre mixed-use development underway in Durham. Located at the northeast corner of Ellis Road and Watchorn Street, the project marks the fourth North Carolina development for Thompson Thrift. Other tenants at the property, which features an additional 25,000 square feet of retail space, include Chipotle and First National Bank, which is scheduled to open in 2024. Sheetz, Heartland Dental, Lee Nails and It’s a Southern Thing Kitchen & Bar are also expected to …

March 17, 2023

Grocery-anchored Industry Content News North Carolina

Legacy Brokers $16.2 Million Sale of Shopping Center in Metro Charlotte

by Hayden Spiess March 10, 2023

Indian Trail, N.C. — Legacy Realty Group Advisors has arranged the sale of Union Town Center, a 102,360-square-foot shopping center located in Indian Trail, roughly 15 miles southeast of Charlotte. Food Lion, Workout Anytime and Dollar Tree anchor the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the $16.2 million transaction.

March 10, 2023

Grocery-anchored Investment sales News North Carolina

JLL Arranges Sale of 75,927-Square-Foot Retail Center in Raleigh, North Carolina

by Hayden Spiess March 1, 2023

Raleigh, N.C. — JLL Capital Markets has arranged the sale of Wakefield Crossing, a 75,927-square-foot retail center located in Raleigh. Food Lion anchors the property, which was 95 percent leased at the time of sale. Other tenants at the center include Tuesday Morning, Subway, Dante’s Italiano, Wakefield Tavern and Wake Health Medical Group. Wakefield Wellons LLC acquired the property, which was built in 2001. A JLL team led by Tom Kolarczyk represented the undisclosed seller in the transaction.

March 1, 2023

Investment sales Net lease News North Carolina

Marcus & Millichap Arranges $3.3 Million Sale of Child Care Property in Charlotte, North Carolina

by Hayden Spiess February 27, 2023

Charlotte, N.C. — Marcus & Millichap has arranged the $3.3 million sale of Big Blue Marble Academy, a net-leased childcare property located in Charlotte. Dominic Sulo of Marcus & Millichap’s Chicago Oak Brook office represented the seller, a New Jersey-based limited liability company, and secured the 1031-exchange buyer, a Chicago area multifamily LLC. Andrean Angelov and Ryan D. Engle of Marcus & Millichap and Benjamin Yelm, the North Carolina broker of record, assisted in closing the transaction.

February 27, 2023

Investment sales News North Carolina

Stream Realty Brokers $10.3 Million Sale of Charlotte Retail Center

by Hayden Spiess February 24, 2023

Charlotte, N.C. — Stream Realty Partners has brokered the $10.3 million sale of 36 & NoDa, a 26,447-square-foot retail center located in Charlotte’s North Davidson (NoDa) neighborhood. AJ Capital Partners purchased the center from Ascent Real Estate Capital. Jared Londry and Alex Olofson of Stream Realty represented the seller in the transaction. 36 & NoDa was fully leased at the time of sale to tenants including Salud Cerveceria and Neighborhood Theatre.

February 24, 2023

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