CenterSquare Acquires 22,901-Square-Foot Northlite Commons in Suburban Charlotte, North Carolina 

Kannapolis, N.C — CenterSquare has acquired Northlite Commons, a 22,901-square-foot service retail property in Kannapolis, a suburb of Charlotte. The center was 93 percent leased at the time of sale to tenants including ABC Liquor, AT&T, Sally Beauty and GameStop, according to LoopNet Inc. CenterSquare plans to make improvements at Northlite Commons, such as new exterior paint, the installation of energy-efficient LED lighting, upgraded landscaping, sealcoating and restriping of the parking lot, replacement of the roof and enhancements to the pylon sign.

Northlite Commons marks CenterSquare’s 23^rd acquisition in the Southeast and its 61^st nationally.