{"id":1004270072,"date":"2018-10-08T05:28:09","date_gmt":"2018-10-08T13:28:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004270072"},"modified":"2022-12-07T09:56:28","modified_gmt":"2022-12-07T17:56:28","slug":"texas-developer-nabs-294-ksf-charlotte-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/texas-developer-nabs-294-ksf-charlotte-shopping-center\/","title":{"rendered":"Texas Developer Nabs 294 KSF Charlotte Shopping Center"},"content":{"rendered":"<p>By Laura Calugar&nbsp;<\/p>\n<div id=\"attachment_1004270087\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004270087\" data-attachment-id=\"1004270087\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/texas-developer-nabs-294-ksf-charlotte-shopping-center\/university-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg\" data-orig-size=\"1080,761\" data-comments-opened=\"0\" 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;1538999686&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=\"university place\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg?w=1024\" class=\"wp-image-1004270087 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg\" alt=\"University Place\" width=\"300\" height=\"211\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg 1080w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg?resize=300,211 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg?resize=768,541 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg?resize=1024,722 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004270087\" class=\"wp-caption-text\">University Place<\/p><\/div>\n<p>EB Arrow, a Texas-based developer and asset manager, has purchased University Place I and II, a 294,000-square-foot shopping center in Charlotte, N.C. CBRE completed the sale of the 36-acre property in Tar Heel State\u2019s University City submarket.<\/p>\n<p>Located at 8716 JW Clay Blvd., University Place is in close proximity to University of North Carolina, University Research Park, Carolinas HealthCare System-University and the JW Clay Boulevard rail station. Built in 1996 and currently 44 percent occupied, the shopping center is anchored by Ross Dress for Less, Michaels, Office Depot, Guitar Center and Rack Room Shoes.<\/p>\n<p><em>\u201cThe University Place site is a prime spot for redevelopment with tremendous infrastructure and amenities including light rail, interstate accessibility, a 15-acre lake, convention hotel and access to greenways. \u2026 University Place I &amp; II represents a rare opportunity to shape a large-scale redevelopment in a mature environment,\u201d<\/em> says Mike Burkard, senior vice president at CBRE Charlotte, in a prepared statement. &nbsp;<\/p>\n<p>Burkard and Steve Shields represented the seller in the transaction. This summer, the same team <a href=\"https:\/\/www.commercialsearch.com\/news\/pac-nabs-122-ksf-charlotte-area-retail-property\/\">arranged the disposition of Brawley Commons in Mooresville<\/a>, N.C. Preferred Apartment Communities purchased the asset using an $18.5 million non-recourse first mortgage loan.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE facilitated the deal on behalf of the seller. Ross Dress for Less, Michaels, Office Depot, Guitar Center and Rack Room Shoes anchor the retail asset.<\/p>\n","protected":false},"author":238,"featured_media":1004270087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21783,21742,21749],"tags":[42368,32789,36459],"class_list":["post-1004270072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-investment","category-latest","category-retail","tag-carolinas-healthcare-system","tag-cbre","tag-university-of-north-carolina-at-charlotte"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Texas Developer Nabs 294 KSF Charlotte Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/texas-developer-nabs-294-ksf-charlotte-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Developer Nabs 294 KSF Charlotte Shopping Center\" \/>\n<meta property=\"og:description\" content=\"CBRE facilitated the deal on behalf of the seller. Ross Dress for Less, Michaels, Office Depot, Guitar Center and Rack Room Shoes anchor the retail asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/texas-developer-nabs-294-ksf-charlotte-shopping-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-08T13:28:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T17:56:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/university-place.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"761\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-developer-nabs-294-ksf-charlotte-shopping-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-developer-nabs-294-ksf-charlotte-shopping-center\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"Texas Developer Nabs 294 KSF Charlotte Shopping Center\",\"datePublished\":\"2018-10-08T13:28:09+00:00\",\"dateModified\":\"2022-12-07T17:56:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-developer-nabs-294-ksf-charlotte-shopping-center\\\/\"},\"wordCount\":217,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-developer-nabs-294-ksf-charlotte-shopping-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/10\\\/university-place.jpg\",\"keywords\":[\"Carolinas HealthCare System\",\"CBRE\",\"University of North Carolina at Charlotte\"],\"articleSection\":[\"Charlotte\",\"Deals\",\"Investment\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-developer-nabs-294-ksf-charlotte-shopping-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/texas-developer-nabs-294-ksf-charlotte-shopping-center\\\/\",\"name\":\"Texas Developer Nabs 294 KSF Charlotte Shopping Center - 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