36 & NoDa. Picture courtesy of Stream Realty Companions
AJ Capital Companions has acquired 36 & NoDa, a 26,447-square-foot retail heart in Charlotte, N.C. Stream Realty Companions brokered the $10.3 million transaction on behalf of the vendor, Ascent Actual Property Capital.
Positioned at 501-517 E. thirty sixth St., the asset is in an infill retail hall inside NoDa, the town’s historic arts and leisure district. Salud Cerveceria and Neighborhood Theatre are among the many tenants on the absolutely leased property.
Metropolis residents and guests can simply stroll to 36 & NoDa since it’s conveniently situated close to an array of multifamily residences and Charlotte’s Lynx mild rail system. The employment nodes of Uptown and College Metropolis are additionally shut by.
Stream Govt Managing Director Jared Londry and Senior Affiliate Alex Olofson brokered the deal on behalf of the vendor.
In line with a latest Cushman & Wakefield report, the fourth quarter of 2022 noticed a sturdy retail sector with resilient demand driving purchasing heart emptiness to its lowest degree on file since 2007. Moreover, the sector skilled constructive web absorption for the seventh consecutive quarter, totaling 10.9 million sq. ft nationwide as of December.
The identical information supply reveals Charlotte’s retail market recorded a emptiness charge of 4.5 % in This autumn, whereas web absorption totaled 82,045 sq. ft.
