October 29, 2024 – We are pleased to announce our acquisition of the final phase of the Riverbend Village Shops, an 18,550 square foot, four-building Essential Service Retail Property in Charlotte, NC. This acquisition is the final phase of Riverbend Village, a master planned community surrounded by Harris Teeter, Corning Optical’s 375k sf headquarters, apartments, townhomes and a to-be-built Novant Hospital.
With the addition of this asset, CenterSquare’s investment in Riverbend Village will total 10 buildings and approximately 62,000 square feet. The Portfolio is currently 95% occupied by several national, experienced operators such as First Watch, Jeremiah’s Italian Ice, GoHealth Urgent Care, Vitamin Shoppe, Nana Morrison’s and Nothing Bundt Cakes. This investment aligns with our strategy to target unanchored, high-quality Essential Service Retail centers in strong demographic submarkets. Riverbend Village Shops is CenterSquare’s 48th Service Property acquisition nationally and 18th in the Southeast.
