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Atlanta & Southeast  + Carolinas  + Retail  | 
Waverly Retail Center

Childress Klein, Ascentris Nab $50M Refi for Charlotte Retail Center

Childress Klein and Ascentris have obtained a $50 million refinancing for Waverly, a 218,657-square-foot shopping center in Charlotte, N.C. Bank of America issued the note.

Commercial Edge reports that the previous debt consisted of a $42 million loan provided by Regions Bank in 2018. Ascentris acquired a stake in the property that same year. The shopping center opened in 2017.

Located at 7404 Waverly Walk Ave., the retail property is part of a 90-acre mixed-use development that also includes a hotel, medical and office spaces, as well as a residential component. Waverly is about 13 miles southeast of downtown Charlotte, less than 1 mile away from Interstate 485.

 A Whole Foods store anchors the shopping center. Its tenant roster includes Ulta Beauty, Athleta, Pet People and Plant House, among others.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Financing
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