{"id":1004163652,"date":"2017-01-10T06:14:17","date_gmt":"2017-01-10T14:14:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004163652"},"modified":"2022-12-08T18:55:15","modified_gmt":"2022-12-09T02:55:15","slug":"pmg-trades-charlottes-midtown-crossing-for-30m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pmg-trades-charlottes-midtown-crossing-for-30m\/","title":{"rendered":"PMG Trades Charlotte\u2019s Midtown Crossing for $30M"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004163654\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004163654\" data-attachment-id=\"1004163654\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pmg-trades-charlottes-midtown-crossing-for-30m\/capture3-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Capture3.jpg\" data-orig-size=\"1241,685\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1484062922&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Capture3\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Capture3.jpg?w=1024\" class=\"wp-image-1004163654 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Capture3.jpg\" alt=\"The Midtown Crossing retail center in Charlotte, N.C. \" width=\"300\" height=\"166\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Capture3.jpg 1241w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Capture3.jpg?resize=300,166 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Capture3.jpg?resize=768,424 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Capture3.jpg?resize=1024,565 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004163654\" class=\"wp-caption-text\">The Midtown Crossing retail center in Charlotte, N.C.<\/p><\/div>\n<p><strong>Charlotte, N.C.\u2014<\/strong>New York-based Property Markets Group (PMG) has announced the sale\u00a0of Midtown Crossing, a retail complex in Charlotte, N.C., for $30 million. The buyer is real estate management and investment company Bluejay Capital Management.<\/p>\n<p>Located in booming midtown Charlotte, at 900 Metropolitan Ave., Midtown Crossing is situated near Central Piedmont Community College, the Carolinas Medical Center, Novant Health Presbyterian Medical Center and less than 1 mile from the homes of Bank of America, Duke Energy, Wells Fargo and the NASCAR Hall of Fame.<\/p>\n<p>The asset benefits from its proximity and easy pedestrian access to The Metropolitan, which includes\u00a0major tenants like Trader Joes, Marshalls, Staples, West Elm and Best Buy along with multiple eateries, boutiques, offices and condominiums. The connectivity between the two centers allows an easy flow of consumer traffic. The median household income within a 3-mile radius is roughly $61,000.<\/p>\n<p>\u201cWe bought Midtown Crossing because of its solid residential population and its long-term tenants, the brand-name retailers serving Charlotte\u2019s up-and-coming Midtown neighborhood,\u201d said Kevin Maloney, founder &amp;\u00a0principal at PMG, in a prepared statement.<\/p>\n<p>Anchored by BJ\u2019s and PETCO, the commercial property was purchased by PMG in 2015.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a year of ownership, Property Markets Group sold the 122,830-square-foot retail center to Bluejay Capital Management.<\/p>\n","protected":false},"author":238,"featured_media":1004163654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21742,21749,32781],"tags":[33401,33400,33399],"class_list":["post-1004163652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-latest","category-retail","category-southeast","tag-bluejay-management","tag-midtown-crossing","tag-property-markets-group-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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