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| David Connor |
RALEIGH, N.C. (May 15, 2015) — A joint venture between
Lincoln Harris and Chartwell Property Group has acquired 19.55 acres in
Southern Pines, North Carolina, to develop Morganton
Park South, a 71,000-square-foot retail center at 2482 Morganton Road.
Completion of the center is slated for the summer of 2016.
Morganton Park South is uniquely positioned to serve
Southern Pines, Pinehurst and Aberdeen.
Part of the 188-acre Morganton Park
master-planned community, Morganton Park South will be the first phase of
development on the south side of Morganton Road.
Morganton Park South is
adjacent to established retailers including Kohl’s, ULTA, Hobby Lobby and the
Sandhills Stadium 10 movie theater.
“With a fantastic location convenient to downtown Southern
Pines and Pinehurst, and with more than 16,000 vehicles passing by each day, we
believe Morganton Park South will be very successful,” says David Connor of Lincoln Harris.
“We anticipate the available space will lease quickly to
high-quality tenants. We are excited to have Lowes Foods anchor the project,
especially given their recent rebranding campaign. Their new store concept
provides an enjoyable shopping experience on par with, if not better than, any
grocer operating in the Carolinas today.”
A 50,000-square-foot Lowes Foods will anchor Morganton Park
South, with an additional 21,000 square feet available for other tenants. Three
outparcels are available as well.
For a complete copy
of the company’s news release, please contact:
Stephen Ursery
The Wilbert Group
404-549-7150
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