Oct
17

Charlotte’s Centrum Shopping Center Sold

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Lincoln Property Company and its affiliate Lincoln Harris have arranged the $35.25 million purchase of The Centrum Shopping Center, a 270,747-square-foot property located at 10500 Centrum Parkway in Pineville, North Carolina.
Chris Cotten of Lincoln Property Company, advised locally by Chris Vasbinder and Johno Harris of Lincoln Harris’ Charlotte, North Carolina, office, represented the buyer, American Realty Capital – Retail Centers of America.
Rob Carter of Berkeley Capital Advisors LLC represented the seller, Pineville Centrum LP, which is comprised of DRA Advisors LLC and Kimco Realty Corp.
Lincoln Harris will lease and manage the center, which is 99 percent leased to 17 tenants, including Kmart, Stein Mart, TJ Maxx and other national chains.
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