DDR bought Carolina Pavilion, a 852,000-square-foot, nearly 20-year-old shopping center off South Boulevard at the Interstate 485 interchange, from New York-based Blackstone Real Estate Partners.
CHARLOTTE — Dilworth Rug Gallery has begun leasing 5,020 square feet at Cavalaris Village, a shopping center at 911 E. Morehead St. Josh Beaver, vice president of Charlotte-based The Nichols Co., said he represented the landlord in the deal, which took place last week. Lease rates at the shopping center are between $10 and $18 per square foot, [...]
Shopping centers in the University City area are facing a threat from one of their own. DDR is adding more than 100,000 square feet of retail space to Belgate, luring Hobby Lobby, Marshalls, Old Navy, PetSmart and Ulta from neighboring shopping centers. Those defectors will leave thousands of square feet of empty store space in their wake.