CHARLOTTE, N.C., June 13 /PRNewswire/ -- Ferncroft Capital, a Charlotte-based real estate investment company, has acquired Hunter's Crossing, (top right photo) a 93,782-square-foot grocery-anchored retail center in Charlotte, NC from Crosland, LLC for an undisclosed amount. Located in the Ballantyne submarket of Charlotte, the center is anchored by Lowes Foods, CVS, Dunkin Donuts, and Wendy's and is currently 98% leased.
Hunter's Crossing's location along Highway 521 (Johnston Road) is a half-mile south of the affluent Ballantyne neighborhood and represents one of the major commercial arteries in Charlotte.
Jeff Thom
as, principal of Ferncroft Capital, commented, "The strength of this corridor in terms of population expansion and affluence is second to none in the Southeast. Housing and employment growth continue to thrive in this submarket, supporting the long-term strategy of this investment."
as, principal of Ferncroft Capital, commented, "The strength of this corridor in terms of population expansion and affluence is second to none in the Southeast. Housing and employment growth continue to thrive in this submarket, supporting the long-term strategy of this investment." Vacancy along the Highway 521 corridor and the outer southeast Charlotte submarket is the lowest in the MSA.
"We are excited to have acquired such a high-quality property in this submarket," said John Hollmeyer, principal of Ferncroft Capital. "We feel fortunate to have a good investment partner and a banking relationship that allowed us to move 
quickly on this opportunity."
quickly on this opportunity." Ferncroft Capital was able to close the deal in forty-three days.Carolina First financed this transaction for Ferncroft Capital. Berkeley Capital Advisors represented the seller, Crosland, LLC. Ferncroft Capital has retained Crosland to lease and manage the property.
Headquartered in Charlotte, NC, Ferncroft Capital acquires commercial real estate assets in the Southeast. Ferncroft Capital's acquisition strategy is to purchase well located, stabilized, and value add assets with high barriers to entry and competitive market advantages.
Ferncroft Capital's goal is to maximize investment returns and exceed the expectations of their investors.
CONTACT: Jeff Thomas of Ferncroft Capital, +1-704-315 5221, jeff@ferncroftcapital.com
Web site: http://www.ferncroftcapital.com/
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