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National  + North Carolina  + Retail  | 

Marcus & Millichap Brokers $17M Sale of Charlotte Retail Property

Marcus & Millichap has arranged the $16.8 million sale of a net-leased retail property occupied by Dick’s Sporting Goods in Charlotte.

Located at 4323 Barclay Downs Dr., the property is an out-parcel at Charlotte’s South Park Mall, which features a tenant roster that includes Apple, Coach, Pottery Barn and Lululemon. It is the 10th largest mall on the East Coast.

Karly Iacono of Marcus & Millichap’s Saddle Brook, N.J. office represented the seller, a private investor, in the transaction. The buyer was a syndicator of foreign equity. Additionally, Rick Lechtman and Dan Lisser of Marcus & Millichap secured $10.9 million in acquisition financing on behalf of the buyer.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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