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Commercial Confidential: Northlake Mall

Commercial Confidential: Northlake Mall

Northlake Mall opened in 2005 in north Charlotte, an area that seemed primed for residential growth. But just a couple of years after the mall opened, the Great Recession came on the scene. According to Andy Misiaveg, a partner in the Charlotte office of the Atlanta-based Shopping Center Group, the mall didn’t have time to solidify its tenant mix before the economy tanked.

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On the Level: Eric Locher, Charlotte Regional Realtor Association’s 2013 president (access required)

"As buyers begin to meet prices, there will be an upward pressure on prices," he said. "There are an increasing number of buyers coming on the market, more buyers and fewer homes. We’ve even had some multioffer situations. Not many, but some."

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