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| Chris Cotten |
CHARLOTTE, N.C. (Oct. 15, 2014) — Lincoln Property Company
and its affiliate Lincoln Harris have arranged the $35.25 million purchase of The
Centrum Shopping Center, a 270,747-square-foot property located at 10500
Centrum Parkway in Pineville, North Carolina.
Chris Cotten of Lincoln Property Company, advised
locally by Chris Vasbinder and Johno Harris of Lincoln Harris’
Charlotte, North Carolina, office, represented the buyer, American Realty
Capital – Retail Centers of America.
Rob Carter of Berkeley Capital Advisors LLC
represented the seller, Pineville Centrum LP, which is comprised of DRA
Advisors LLC and Kimco Realty Corp.
Lincoln Harris will lease and manage the center, which is 99
percent leased to 17 tenants, including Kmart, Stein Mart, TJ Maxx and other
national chains.
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
404-549-7150 (O)
404-405-2354 (C)
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