{"id":1004372147,"date":"2019-11-29T00:01:31","date_gmt":"2019-11-29T08:01:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004372147"},"modified":"2025-02-27T21:52:36","modified_gmt":"2025-02-28T05:52:36","slug":"the-boulder-group-arranges-15m-charlotte-area-retail-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/","title":{"rendered":"The Boulder Group Arranges $15M Charlotte-Area Retail Sale"},"content":{"rendered":"
\"940<\/a>

940 Concord Parkway. Image courtesy of The Boulder Group<\/em><\/p><\/div>\n

The Boulder Group Partner Randy Blankstein and President Jimmy Goodman represented a Midwest-based buyer in the sale of a net leased Lowe\u2019s retail building in Concord, N.C. The asset traded for $ 15.2 million in a 1031 exchange. The acquisition was financed through a $9.1 million, 10-year loan from Protective Life, Cabarrus County public records show. An entity affiliated to Tailwind Advisors from Fort Worth sold the property. Recently, the same brokerage team arranged the sale of a newly constructed retail asset<\/a> in Luling, La.<\/p>\n

Located at 940 Concord Parkway, the asset was completed in 1999 on a 20-acre parcel and is 30 miles northeast of downtown Charlotte, N.C., within an emerging suburb of the metro. The area has experienced an almost 14 percent growth in the past ten years and the property serves more than 100,000 people within a 5-mile radius.<\/p>\n

The building is fully leased to Lowe\u2019s, which recently executed a 10-year lease extension at the property. The NN lease has four- and five-year options remaining, as well as 10 percent increases every 10 years within the option periods. Additionally, a new roof was installed this spring.<\/p>\n

Since 2000, Cabarrus County \u2019s population has grown by more than 50 percent, with important companies such as Amazon and Stanley Black & Decker establishing more than 2 million square feet of industrial space in the area. Moreover, Concord is currently undergoing a master-planned city center redevelopment totaling more than $650 million in investments.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"

The property is fully leased to Lowe\u2019s, which recently extended its lease by 10 years. Partner Randy Blankstein and President Jimmy Goodman worked on behalf of the buyer. <\/p>\n","protected":false},"author":748,"featured_media":1004365520,"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":[33536,33840,33428,32940],"class_list":["post-1004372147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-investment","category-latest","category-retail","tag-1031-exchange","tag-jimmy-goodman","tag-randy-blankstein","tag-the-boulder-group"],"acf":[],"yoast_head":"\nThe Boulder Group Arranges $15M Charlotte-Area Retail Sale - 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\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Boulder Group Arranges $15M Charlotte-Area Retail Sale\" \/>\n<meta property=\"og:description\" content=\"The property is fully leased to Lowe\u2019s, which recently extended its lease by 10 years. Partner Randy Blankstein and President Jimmy Goodman worked on behalf of the buyer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/\" \/>\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=\"2019-11-29T08:01:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:52:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/\",\"name\":\"The Boulder Group Arranges $15M Charlotte-Area Retail Sale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\",\"datePublished\":\"2019-11-29T08:01:31+00:00\",\"dateModified\":\"2025-02-28T05:52:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\",\"width\":827,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Boulder Group Arranges $15M Charlotte-Area Retail Sale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\",\"name\":\"Lucia Morosanu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96\",\"caption\":\"Lucia Morosanu\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/luciamorosanu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Boulder Group Arranges $15M Charlotte-Area Retail Sale - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/","og_locale":"en_US","og_type":"article","og_title":"The Boulder Group Arranges $15M Charlotte-Area Retail Sale","og_description":"The property is fully leased to Lowe\u2019s, which recently extended its lease by 10 years. Partner Randy Blankstein and President Jimmy Goodman worked on behalf of the buyer.","og_url":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-11-29T08:01:31+00:00","article_modified_time":"2025-02-28T05:52:36+00:00","og_image":[{"width":827,"height":400,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","type":"image\/jpeg"}],"author":"Lucia Morosanu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/","url":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/","name":"The Boulder Group Arranges $15M Charlotte-Area Retail Sale - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","datePublished":"2019-11-29T08:01:31+00:00","dateModified":"2025-02-28T05:52:36+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","width":827,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-arranges-15m-charlotte-area-retail-sale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"The Boulder Group Arranges $15M Charlotte-Area Retail Sale"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5","name":"Lucia Morosanu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96","caption":"Lucia Morosanu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/luciamorosanu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004372147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/748"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004372147"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004372147\/revisions"}],"predecessor-version":[{"id":1004372162,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004372147\/revisions\/1004372162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004365520"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004372147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004372147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004372147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}