Carter Sells Charlotte-area Shopping Center

ATLANTA (Aug. 8, 2011) – Carter said today it brokered the sale of a major shopping center in the Charlotte suburb of Rock Hill, S.C.

Kohl's_Hobby Lobby The 132,929-square-foot center on Dave Lyle Boulevard is occupied by retailers Kohl’s and Hobby Lobby. The center is adjacent to Rock Hill Galleria, a regional mall, and a Wal-Mart Supercenter.

Terms of the sale were undisclosed, but the Kohl’s/Hobby Lobby center was marketed with an asking price of $12.5 million.

Drew Fleming, Vice President of Carter’s Retail Group, and partner Mark Joines represented the seller in the transaction.

“This asset garnered a lot of attention due to the fact that it is anchored by two credit tenants and is located next to a regional mall in the Charlotte MSA,” Fleming said.

 

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