CHARLOTTE—Specialty Shops on the Park, a 64,901-square-foot urban infill retail center in Charlotte, has a new owner. The sale price: $25 million.
A joint venture between an affiliate of Hill Partners and an institutional partner purchased the property. It was sold free and clear of existing debt.
“Specialty Shops on the Park received a significant amount of investor interest due to its notable upscale tenants and irreplaceable location in Charlotte's affluent SouthPark submarket,” HFF director Richard Reid tells GlobeSt.com. Reid and HFF director Jim Hamilton represented the seller.
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