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.
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 …
Hope Mills, N.C. — Marcus & Millichap has brokered the sale of Millstone Towne Center, a 40,000-square-foot retail center located in Hope Mills. Built in 2008, the property was 92 percent leased at the time of sale. Donald Gilchrist and Nathan McElroy of Marcus & Millichap represented the seller in the transaction. Greg Marks of Triland Properties represented the buyer.
Greensboro, N.C. — Topgolf has broken ground on a new, two-level venue located in Greensboro. Upon completion, the site will comprise 72 outdoor climate-controlled hitting bays, with each bay featuring lounge furniture or high-top tables. Additionally, the venue will include a full-service restaurant, private event rooms and an outdoor area with yard games. The opening is scheduled for late 2024.
Oxford, N.C. — Legacy Realty Group Advisors has arranged the $5.1 million sale of Hilltop Village, an 80,000-square-foot shopping center located in Oxford. Food Lion anchors the property. Jacob Baruch and Jonah Warshaw of Legacy represented the buyer in the transaction. Adam Palmer of LQ Commercial Real Estate Services represented the seller.
Greensboro, N.C. — Legacy Realty Group Advisors has brokered the sale of a two-tenant retail center located in Greensboro. Papa John’s and ACE Cash Express occupy the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.
Asheville, N.C. — Tanger has purchased Asheville Outlets, a 382,000-square-foot retail development located in Asheville. Sportsman’s Warehouse and a separately owned Dillard’s Clearance Center anchor the property, which was 95 percent leased at the time of sale. Other tenants include Nike, Under Armour, RH, Bath & Body Works, Crate & Barrel and West Elm. Tanger acquired the outlet mall from New England Development for $70 million. This property marks Tanger’s 38th outlet mall and the second addition to its holdings this quarter, following the opening of Tanger Outlets Nashville last month. New …
Brevard, N.C. — Northmarq’s Atlanta office has brokered the $4.3 million sale of Shoppes at Brevard Place, a retail property located in Brevard, roughly 30 miles southwest of Asheville. Built in 2020, the property totals 11,801 square feet. Tenants at the center, which was 76 percent occupied at the time of sale, include Starbucks Coffee, Jersey Mike’s, Salsarita’s, Mommy & Me and AT&T. Billy Benedict of Northmarq represented both the buyer and seller, GL Brevard Shoppers and Brevard Partners of Tennessee, in the transaction.
Newton, N.C. — Planet Fitness has signed an 18,000-square-foot lease in Newton, roughly 40 miles outside Charlotte. The tenant will operate in half of a space formerly occupied by Bi-Lo at Marketplace Center. Prior to the lease, the space was vacant for more than seven years. Tad Anderson of Ardor Commercial Advisors represented the landlord, RVS Realty, in the lease negotiations. Jay Hagerman of Providence Group represented Planet Fitness.
Charlotte and Harrisburg, N.C. — MPV Properties has announced the addition of new tenants and buildings at Farmington, the developer’s master-planned community in Charlotte and Harrisburg. Chick-fil-A opened at the property in May, and Famous Toastery is planning to open in the second half of 2024, within an outparcel behind the development’s Shop Building I. H.T. Fuel will also open on an outparcel, with construction scheduled to begin directly behind Chick-fil-A in the coming months. Construction is also scheduled to begin on Small Shops II, an 11,865-square-foot retail building. MPV is …
