Charlotte-based Aston Properties has consolidated a portfolio of 17 shopping centers in North Carolina, South Carolina and Virginia under a new company called Aston Realty Investment Company and has secured a five-year $80 million unsecured credit facility with Wells Fargo & Co.
The new company is one of the state’s largest owners and operators of retail properties in the Carolinas.
The centers have an occupancy rate of more than 92% and are primarily anchored by grocery stores. The portfolio…Aston Properties consolidates 17 shopping centers under new entity
Charlotte-based Aston Properties has consolidated a portfolio of 17 shopping centers in North Carolina, South Carolina and Virginia under a new company called Aston Realty Investment Company and has secured a five-year $80 million unsecured credit facility with Wells Fargo & Co.
The new company is one of the state’s largest owners and operators of retail properties in the Carolinas.
The centers have an occupancy rate of more than 92% and are primarily anchored by grocery stores. The portfolio…
Faison Enterprises has sold two buildings in the Forest Park office park off West Arrowood Road.
Last month, a Florida real estate investor purchased the Accenture Credit Services building at Forest Park for $7.4 million.
Accenture Credit Services signed a lease with Faison Enterprises for 60,477 square feet at the building, also known as Forest Park XI, in 2014. The company’s mortgage processing operation is based at the park, located off West Arrowood Road.
Rob Cochran and Jared Londry of…
Westinghouse Electric Co., which recently purchased Chicago Bridge & Iron’s nuclear engineering business, may be on its way out at the First Citizens Bank Plaza building in uptown Charlotte, according to real estate sources.
Westinghouse closed on CB&I’s Stone & Webster division this month. While the Stone & Webster office in Charlotte will remain here as part of a new Westinghouse subsidiary called WECTEC, Westinghouse is unlikely to keep CB&I’s space at the uptown office tower, sources say.…
Developer and architect David Furman is dusting off plans for an apartment project near BB&T Ballpark.
About 10 years ago, Furman had a site under contract at the corner of Graham Street and Martin Luther King Jr. Boulevard for a project called “Home Plate Lofts.” Now Furman, head of development firm Centro Cityworks, is working to resurrect the development, according to real estate sources.
Commercial photography firm Clear Sky Images recently took a series of photos called “Home Plate Lofts,”…
For boosters of uptown Charlotte, these are heady times.
Charlotte Center City Partners has released its 2016 State of the Center City report, which highlights the growth and development of uptown, South End, and a portion of midtown, and the numbers are all trending up.
A few of the highlights:
•3.5 million square feet of office space under construction or planned.
•2,251 new hotel rooms under construction or planned, which would represent an increase of 46%.
•8,772 residential units…
The firms behind a proposed mixed-use development at the site of The Colony apartment complex in SouthPark plan to start construction in 2017.
Synco Properties Inc. and Schlosser Development Corp. won a rezoning for the 27-acre property last night, with Charlotte City Council members voting unanimously in favor of the request. The rezoning allows the two firms to build up to 990 residential units, 250,000 square feet of office space, 225 hotel rooms and 300,000 square feet of retail space at the…
Members of Charlotte City Council will be voting on some high-profile rezoning requests tonight at their monthly zoning meeting. Here's a few of them. The city's zoning committee and planning staff have recommended that council approve the following:
Dimensional HQ: Cousins Properties is seeking a rezoning in order to build a regional headquarters for investment firm Dimensional Fund Advisors on a 2.3-acre site in South End that’s home to The Common Market — a popular food, beer and wine shop…
Atlanta-based Oxford Properties plans to start construction in February on the next 200-unit phase of its CityPark View Apartments.
Last month, Oxford Properties paid $3.1 million to buy a 7.8-acre parcel for the project from Pope & Land Enterprises Inc., the developer of the mixed-use City Park site at the former Charlotte Coliseum property off Tyvola Road.
Oxford was the first mover at the long-dormant project, completing its 284-unit first phase at CityPark View in 2013. The multifamily firm…
McKibbon Hotel Group has developed urban hotel properties before, but none as challenging as the 22-story tower that’s about to rise above the EpiCentre in uptown Charlotte.
“This is probably the largest and most complicated so far,” says John McKibbon, chairman of McKibbon, which is partnering with local real estate firm Vision Ventures on the dual-branded, 300-room hotel tower.
The two firms are celebrating the start of construction on the development with a “sky breaking” reception…