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
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.
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