Hope Mills, N.C. — Atlantic Capital Partners has brokered the $7 million sale of Hope Mills Crossing, a 53,204-square-foot shopping center located in Hope Mills, roughly five miles south of Fayetteville. David Hoppe, Eric Suffoletto, Jordan Gomez, Mike Lucier, Ben Olmstead and Kendra Doherty of Atlantic Capital represented the seller in the transaction. Renovated in 2025, Hope Mills Crossing is anchored by a newly delivered Planet Fitness. Additional tenants at the center include a mix of medical, financial, government and service-oriented retail businesses. The property was 95 percent leased at the …
North Carolina
Pine Tree Acquires Sponsor Interest in 10-Property Retail Portfolio Valued at $644 Million
Chicago — Chicago-based Pine Tree, a national owner and operator of open-air shopping centers, has acquired a sponsor interest in a 10-property retail portfolio valued at $644 million. The interest was acquired from SITE Centers in partnership with an undisclosed, large international investor. Spanning nine states, the portfolio comprises 3.5 million square feet and features a mix of tenants such as Target, Sam’s Club, Publix, ALDI, Sprouts Farmers Market, Food Lion, The Fresh Market, Lowe’s, Dick’s Sporting Goods, Best Buy, Marshalls, HomeGoods and Ross Dress for Less, among others. The portfolio …
JLL Negotiates $9.6 Million Sale of Neighborhood Center in Winston-Salem, North Carolina
Winston-Salem, N.C. — JLL Capital Markets has negotiated the $9.6 million sale of Brewer Crossing, a 119,180-square-foot neighborhood center located in Winston-Salem. Tom Kolarczyk, Andrew Kahn and Ella Glover of JLL represented the seller, a partnership between the Rosen and Leverton families, in the transaction. Granite Canyon Partners was the buyer. Originally built in 1978 on a 15.34-acre site, Brewer Crossing was 98 percent leased at the time of sale. The property features a mix of tenants across the apparel, fitness, health, beauty and specialty retail sectors including Gabriel Brothers, Planet …
Matthews, N.C. — Pappas Properties has broken ground on a Publix-anchored retail center at Cadia Village Matthews, an 84-acre mixed-use campus located roughly 11 miles southeast of Uptown Charlotte. The approximately 50,000-square-foot grocery store will feature a full-service pharmacy with a drive-thru and is expected to employ roughly 150 associates. The Publix store is set to open in fourth-quarter 2027. Other commercial tenants coming to the retail village at Cadia Village Matthews will include medical office users, a bank branch, fast-casual and sit-down restaurants and neighborhood retail and services. The …
Marcus & Millichap Brokers $6 Million Sale of Retail Strip Center in Charlotte, North Carolina
Charlotte, N.C. — Marcus & Millichap has brokered the $6 million sale of Eastland Promenade, a 26,615-square-foot retail strip center located in Charlotte. Built in 1988, the property features 10 retail suites and was fully occupied at the time of sale by a mix of local businesses, restaurants and service-oriented tenants. Eastland Promenade is situated adjacent to Eastland Yards, an 80-acre mixed-use project underway. Kyle Carpentier, Andrew Margulies and Harrison Creason of Marcus & Millichap marketed the property on behalf of the seller, a local family ownership group, and procured the …
Boone, N.C. — Miami-based Orion Real Estate Group has acquired Watauga Village, an 88,800-square-foot neighborhood center located in the northwestern North Carolina city of Boone. Food Lion anchors the property, which was fully leased at the time of sale. Additional tenants include Michaels, Mercy Urgent Care, Spectrum, Tropical Smoothie Café and Wingstop. Orion currently owns or manages an additional 23 properties totaling 101,583 square feet throughout North Carolina, which are all single-tenant, triple-net properties. Watauga Village is the firm’s first shopping center acquisition in the state. Adam Russ, Erin Varol …
Matthews, N.C. — Harris Teeter plans to invest approximately $253 million over the next three years to refresh and modernize select stores in North Carolina and South Carolina. The investment also includes the development of three new stores. Renovations and enhancements are planned for locations in Fort Mill and Rock Hill, South Carolina; and Matthews, Waxhaw, Concord and Huntersville, North Carolina; along with many other communities across the region. In addition, Harris Teeter plans to open three new stores in Fort Mill and Lake Wylie, South Carolina, and Kannapolis, North …
Invesco Real Estate Acquires Shopping Center in Metro Raleigh, North Carolina, for $86.7 Million
Knightdale, N.C. — Invesco Real Estate has acquired Knightdale Marketplace, a 323,000-square-foot super-regional shopping center located in Knightdale, roughly 10 miles east of downtown Raleigh. Tom Kolarczyk, Andrew Kahn, Ella Glover and Katie Sanger of JLL represented the seller, a joint venture between affiliates of Bailard Inc. and M&J Willow Ltd. Delivered in 2007 and 2008 on nearly 44 acres, Knightdale Marketplace was fully leased at the time of sale. Tenants include Academy Sports + Outdoors, Best Buy, T.J. Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart, Barnes & …
Cuadra Capital Acquires 250,000 Square Feet of Retail, Mixed-Use Developments in North Carolina, Florida
Charlotte, N.C. — Cuadra Capital, a Charlotte-based real estate investment and operating firm, has acquired multiple retail and mixed-use assets totaling 250,000 square feet across North Carolina and Florida. The North Carolina acquisitions include State Street Station in Greensboro, College Plaza in Winston-Salem and the Bottleworks District in Wilmington. The lone Florida acquisition was Park & King in Jacksonville. State Street Station is a 60,977-square-foot, eight-building neighborhood retail center that includes a mix of food-and-beverage, service, medical and wellness retail tenants. The firm also acquired four adjacent parcels from a local …
Burlington, N.C. — 10 Federal, a data-driven commercial real estate firm and private equity investment manager, has acquired Eric Lane Shopping Center, a 219,850-square-foot retail property located in Burlington, roughly 22 miles east of Greensboro. This acquisition marks the company’s entry into the retail sector. Situated on 25 acres, Eric Lane Shopping Center features a mix of tenants including Northern Tool + Equipment, Carolina Bridal World, Grace Chapel and Colfax Furniture, among others.