Jan
30

Charlotte Retail Properties Sold Briskly in ’12

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Sales of Charlotte-area retail properties continued to strengthen in 2012 and are approaching record highs seen during the boom days of real estate.

And while retail property owners face challenges, such as a still-wobbly economy, brokers and analysts say the sales show investors are bullish on the Charlotte area.

Last year, 433 retail properties sold for about $600 million in the Charlotte-Gastonia-Rock Hill metropolitan area, according to CoStar Group, a real estate analytics firm.

Many of the sellers were large investors that sold entire portfolios of properties. Local brokers say Charlotte saw some significant property deals starting in 2011. Both 2011 and 2012 were the strongest years since 2007, the CoStar data shows.

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