Apr
27

Charlotte Urban Infill Center Sold

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HFF announced that it has closed the sale of Specialty Shops on the Park, a 64,901-square-foot, urban infill retail center in Charlotte, North Carolina.

HFF marketed the property on behalf of the seller, a family office advised by Aston Properties of Charlotte, North Carolina. A joint venture between an affiliate of Hill Partners, Inc. and an institutional partner purchased the property for an undisclosed amount free and clear of existing debt.

Specialty Shops on the Park is leased to notable tenants such as Bricktop’s, Williams-Sonoma and Talbots. The property is located at 6401 Morrison Boulevard in the affluent Southpark submarket of Charlotte across the street from SouthPark Mall, a Simon-owned mall anchored by tenants including Neiman Marcus, Macy’s and Nordstrom.

The HFF investment sales team representing the seller was led by managing directors Richard Reid and Jim Hamilton.

 

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