Ferncroft Acquires Morrison in Charlotte for $45 Million

Charlotte, N.C. – The Class A property is 100 percent occupied and also includes 314 apartments and 119 condominiums on-site.

Tenants at Morrison in Charlotte’s SouthPark area include Earth Fare, Barnes & Noble, TrySports and Firebirds.Charlotte, N.C. – Ferncroft Capital has purchased the 131,000-square-foot Morrison retail property in Charlotte’s SouthPark area for $44.9 million. The Class A property is 100 percent occupied and also includes 314 apartments and 119 condominiums on-site. Tenants include Earth Fare, Barnes & Noble, TrySports and Firebirds. Berkeley Capital represented the seller in the transaction, while Bryan Brooks at Medalist Capital arranged the debt for the acquisition. Madison Marquette will continue handling the management and leasing at the property.

Scott Reid

 

 

 

 

Tagged under