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Atlanta & Southeast  + Carolinas  + Retail  | 
Hill Partners has acquired the Specialty Shops SouthPark retail development in Charlotte, NC for $40.2 million from EverWest Real Estate Investors.

Hill Partners Pays $40M for Charlotte Upscale Retail Center

Charlotte, NC-based Hill Partners has acquired Specialty Shops SouthPark, a 65,362-square-foot, Class A retail development located on Carnegie Boulevard in Charlotte, for $40.2 million. The seller was Denver, CO-based real estate investment advisor EverWest Real Estate Investors.

Specialty Shops SouthPark is occupied by upscale boutiques and restaurants, and national credit tenants including Williams-Sonoma, Drybar, Talbots and Paco’s Tacos & Tequila.

“Specialty Shops SouthPark benefits from strong submarket rent growth and a stabilized, high-end tenancy anchored by popular restaurants with other unique-to-market, boutique shopping and retail uses,” said John Maurer, EverWest Real Estate Investors senior managing director and head of portfolio management. “This made the asset appealing when we acquired the property in 2014 and it has now completed its role and contribution to the Fund after nine years of ownership. We believe it will continue to perform well over time and is uniquely positioned in the SouthPark retail market.”

EverWest Real Estate Investors currently has $5.3 billion in assets under management.

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EverWest Real Estate Investors' Maurer

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.