Franklin, N.C. — Marcus & Millichap has brokered the $5.5 million sale of a retail center located in Franklin. Totaling 32,000 square feet, the property was 96 percent leased to 12 tenants at the time of sale. Retailers at the center include Dollar Tree, CATO and Sally Beauty Supply. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller in the transaction. Benjamin Yelm assisted as the firm’s broker of record in North Carolina.
Charlotte, N.C. and Travelers Rest, S.C. — Eggs Up Grill — a breakfast, brunch and lunch chain — has signed a new, seven-unit development agreement in North and South Carolina. Franchisee Conley McIntyre, who has a portfolio of existing Eggs Up outposts, will develop, own and operate the restaurants. Six of the locations will be in the Charlotte, North Carolina market, with an additional location in Travelers Rest, South Carolina. There are more than 100 Eggs Up Grill restaurants planned or currently underway.
Winter Park, Fla. — CTO Realty Growth Inc. has acquired a portfolio of three shopping centers located in Florida and North Carolina. The properties, which together total 893,000 square feet, include Carolina Pavilion in Charlotte, North Carolina; Millenia Crossing in Orlando, Florida; and Lake Brandon Village in Brandon, Florida. CTO purchased the portfolio from an undisclosed seller for $137.5 million. Carolina Pavilion, which was 93 percent leased at the time of sale, comprises roughly 691,000 square feet. Tenants at the center include AMC Theatres, Floor & Décor, Nordstrom Rack, Ross Dress for …
Morrisville, N.C. — Nordstrom Rack has signed a 25,000-square-foot lease in Morrisville. Situated within Park West Village, the new store is scheduled to open in spring 2025. Other tenants at the center, which is owned and managed by CASTO, include Target, Trader Joe’s and Michaels. Nordstrom plans to open within three additional locations in the state this fall and next spring, adding stores in Mooresville, Raleigh and Matthews.
Charlotte, N.C. — Octave Holdings and Investments has acquired Belgate Shopping Center, a 269,253-square-foot retail center located in Charlotte. Tenants at the property, which was fully leased at the time of sale, include Hobby Lobby, T.J. Maxx, Burlington, Marshalls, PetSmart, Old Navy, Shoe Carnival and Ulta Beauty. Octave completed the transaction through its Octave Realty Fund IX. Pinnacle Leasing and Management, Octave’s in-house property management company, will manage the center.
Greensboro, N.C. — Legacy Realty Group Advisors has arranged the $6 million sale of Sedgefield Crossing, a 112,330-square-foot shopping center located in Greensboro. Family Dollar and USPS anchor the property. Jacob Baruch, Jonah Warshaw and Ari Warshaw of Legacy represented both the seller and buyer in the transaction.
Robersonville, N.C. and West Chester, Ohio — Bernard Financial Group (BFG) has arranged a $5.5 million loan to finance a retail portfolio located in North Carolina and Ohio. Dan Duggan of BFG secured the financing through Symetra Life Insurance Co. on behalf of the borrower, an entity doing business as FND OHIO LLC & DGMKT IOWA LLC. The portfolio totals 85,957 square feet across two properties in Robersonville, North Carolina, and West Chester, Ohio.
Fayetteville, N.C. — Branch Properties and Columbia Properties have purchased a 16.7-acre development site in Fayetteville, with plans to break ground on Rockfish Village, a shopping center that will span 76,237 square feet. A 48,387-square-foot Publix will anchor the property. The center will also feature 27,850 square feet of inline retail space and 2.4 acres of outparcels. Branch and Columbia plan to break ground on the project early next year, with delivery scheduled for the end of 2025.
Charlotte, N.C. — Three new retailers have signed leases at The Pass, a mixed-use development currently underway in Charlotte. Vintage sportswear concept Locker Room CLT opened at the property in February, and hair salon Common Thread and Mariah’s Taco Spot are scheduled to join the lineup this fall. Third & Urban is the developer of the 12-acre project, and Cliff Benson of Thrift Commercial Real Estate leads retail leasing for the property.
Charlotte, N.C. — The NFL’s Carolina Panthers have unveiled plans for a renovation of its Bank of America Stadium in Charlotte totaling $1.3 billion. Highlights of the renovation include a park-like setting and exterior video boards for watch parties at the stadium’s entrance. Once inside, fans would experience a new sound system, scoreboard and video boards. Plans call for social areas with skyline views, improved concessions with regional offerings and an expanded team store. Additional improvements include new seats installed throughout the bowl; improved accessibility throughout the facility; stadium safety and …
