CHARLOTTE, NC-In back-to-back retail sales, Cotswold Village and Terraces at SouthPark have traded for $85 million. The sales reflect Charlotte’s recovering retail market. Casey Rosen and Mike Burkard of CB Richard Ellis’ National Retail Investment Group Florida and Charlotte Teams exclusively represented the sellers. The sellers were affiliates of Greensboro-based Bell Partners.

“The investment environment for grocery-anchored centers has been particularly strong,” Burkard tells GlobeSt.com. “Pricing on these centers has reverted to pre-recession levels due to high investor demand and extremely favorable debt alternatives.”

Selling for $74 million, Cotswold Village is one of the most successful shopping centers in the Charlotte metropolitan area. The 50-year old property has 262,553 square feet of class A retail on 22 acres and serves the affluent and mature neighborhoods of south Charlotte. Anchored by Harris Teeter, Marshalls and PetSmart, Cotswold has a long history of strong tenant sales, a supply constrained trade area, strong demographics and a lineup of leading specialty retailers including Starbuck's, Ulta, Toys & Co. and Bath & Body Works.