NEWPORT BEACH, CALIF. — Newport Beach-based Graystone Capital Advisors has negotiated the $12 million sale of a portfolio of 7-Eleven properties located throughout North Carolina and Virginia. A Texas-based developer sold the portfolio, which comprises seven newly constructed locations. 7-Eleven occupies the properties on 15-year leases. Shannon Bona and Julius Swolsky of Graystone represented the 1031-exchange buyer in the transaction.
CHARLOTTE, N.C. — CP Group has executed nearly 70,000 square feet of lease deals this year at Harris Corners, a three-building office campus situated off I-77 on the north end of Charlotte. Five new tenants are joining the office campus, including Alight Solutions (4,011 square feet); Southern National Roofing (9,676 square feet); Fidelity National Title Insurance Co. (2,602 square feet); Adams Outdoor Advertising (4,490 square feet); and Well Care Home Health (3,744 square feet). The lease deals also comprise three renewals, which include Sunstate Security (2,373 square feet); Dewberry (13,917 square feet); and Quint Events (28,278 square feet). Jennifer Kurz and Tim Arnold of Trinity Partners represented CP Group in all eight lease transactions. The Florida-based landlord has owned Harris Corners since summer 2021.
CHARLOTTE, N.C. — Wegmans Food Markets Inc., a Rochester, N.Y.-based grocer, plans to open a 110,000-square-foot store in Charlotte. Located along North Community House Road, the grocery store will be situated within Ballantyne, Northwood Investors’ 2,000-acre master-planned development on the south side of Charlotte adjacent to the South Carolina border. Wegmans aims to open the new store by the third quarter of 2026. The store will feature all traditional Wegmans departments, including produce, seafood, meat, bakery, deli, cheese and wine and beer. Additional offerings will include Meals2Go and catering, online shopping capabilities, a floral shop, coffee and home goods. The store will also have a market café with indoor and outdoor seating for customers dining at one of Wegmans’ multiple food outlets. “We’ve received hundreds of requests from locals asking for a store in their area, and we’ve spent years looking for exactly the right location,” says Dan Aken, vice president of real estate and store planning at Wegmans. The new Wegmans will be located on the east side of Ballantyne and half a mile from Northwood’s The Bowl at Ballantyne mixed-use development, which is currently under construction. The project will feature a wide array of retail and restaurant tenants …
MOUNT AIRY, N.C. — Legacy Realty Group Advisors has brokered the sale of Independence Square, a 63,507-square-foot shopping center located in Mount Airy, a city on the North Carolina-Virginia border. The center was 97 percent leased at the time of sale to tenants such as Ollie’s Bargain Outlet, Dollar General and USPS. Jacob Baruch of Legacy Realty Group represented the seller in the transaction, and Kevin Henry of Pine Forest Oak Island Realty represented the buyer. Both parties requested anonymity, and the sales price was also not disclosed.
RALEIGH, N.C. — Highwoods Properties Inc. has sold Rexwoods, a medical office campus in west Raleigh spanning 380,000 square feet. The eight-building park is located across from University of North Carolina REX Hospital. Highwoods sold the campus to two separate buyers, one of which acquired seven buildings with plans to continue to operate them as clinics while the other buyer bought a building with plans to redevelop the asset. The buyers and sales price were not disclosed. The seven properties were built or acquired by Highwoods between 1982 and 1998, and three of them were recently renovated. Mindy Berman, Ryan Clutter, Daniel Flynn, Teddy Hobbs, Woody Flythe and Landon Weaver of JLL represented Highwoods and procured the buyers in the two transactions. Anthony Sardo and Ward Smith of JLL arranged acquisition financing for one of the buyers.
CHARLOTTE, N.C. — Locally based investment firm Asana Partners has signed a lease to occupy more than 23,000 square feet of office space at The Line, a 16-story office and retail tower located at 2151 Hawkins St. in Charlotte’s South End neighborhood. The lease brings The Line’s 290,000 square feet of office space to 70 percent leased, with other tenants including TTX, Northeastern University, Society Awards, Foundry Commercial, Leerink Partners, Experi and SignatureFD. Meredith Ball and Claiborne Dandridge of Foundry Commercial represented the landlord, a joint venture between CBRE Investment Management and Portman, in the lease negotiations. In addition to office tenants, The Line’s retail component houses Sycamore Brewing, Savi Provisions, Grit Box Fitness and Chapter 6 by Jon Dressler. The Line opened in 2022.
DURHAM, N.C. — Topgolf plans to open a new venue in south Durham on Friday, April 12. The new Topgolf will represent the third Topgolf in North Carolina, with the other two venues in the Charlotte area. In December, the company also announced a new Topgolf coming to nearby Greensboro, N.C. The Durham venue will be located off the Page Road exit on I-40 at 4901 Topgolf Way, a short drive from Research Triangle Park and about 12 miles from Duke University. The new Topgolf will feature 102 climate-controlled hitting bays across three levels, as well as a full-service restaurant, 28-foot video wall, more than 200 high-definition TVs, an outdoor patio, private event rooms and a rooftop terrace. Topgolf plans to employ roughly 500 staffers at the Durham venue, which will be the company’s 99th location globally and 89th in the United States.
CHARLOTTE, N.C. — General contractor Swinerton is underway on the development of Oxbow, a $97.8 million apartment community located within The Mill District in Charlotte. Swinerton is constructing the property on behalf of the developer, Space Craft. Upon completion, which is set for fall 2026, Oxbow will total 398 units across six floors and feature 14,300 square feet of ground-floor retail space. Apartments will range from studio to four-bedroom layouts. Amenities will include a gym, rooftop patio, bike storage and a resident courtyard. Swinerton is using cross laminated timber for Oxbow’s façade that was fabricated by affiliate firm Timberlab at its facility in Greenville, S.C.
EDEN, N.C. — Nestlé Purina PetCare has opened its newest pet food factory in Eden, about 36 miles north of Greensboro, N.C. Situated on 1,350 acres, the $450 million development is the first Nestlé factory in the state and features a vertical dryer, automated warehousing, cold storage and an experience center that showcases modern manufacturing practices for new and prospective workers. The new 1.3-million-square-foot Purina facility involved the repurposing of 80 percent of the former MillerCoors Brewing Plant. North Carolina Gov. Roy Cooper says that the remainder of the brewery’s existing structure could be retrofitted for another manufacturer. Nestlé has hired 300 new positions at the Purina factory with more to come in the near future. Between 2020 and 2025, Nestlé is on track to invest $2 billion in the Eden property and capital expansion projects to enhance its manufacturing footprint. A 24th factory is currently under construction in Williamsburg Township, Ohio, and is expected to be fully operational in the next 12 months.
BELMONT, N.C. — Orlando-based Foundry Commercial has purchased Shopton Square, a 24,250-square-foot, unanchored retail center in Belmont, a southern suburb of Charlotte. The center was fully leased to 13 tenants at the time of sale. The seller and sales price were not disclosed. Shopton Square was originally developed and leased by the real estate arm of grocer Food Lion. The acquisition of Shopton Square marks the first for Foundry Commercial’s Retail Investment Platform, which was launched last year and prioritizes necessity-based retail properties.
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