Unison Realty Partners Further Builds North Carolina Presence with Acquisition of Johnston Road Plaza
CHARLOTTE, NC (April 1, 2016)—Unison Realty Partners, a leading privately held retail real estate investment management firm, today announced that it is continuing to grow its presence in North Carolina with the acquisition of Johnston Road Plaza, a 79,508-square-foot grocery-anchored shopping center in Charlotte. The firm acquired the 16 store-front property from Westwood Financial for $15.25 million. Anchored by Food Lion and Goodwill, the property is currently 98 percent leased and located at a busy, signalized intersection within a dense commercial district in Charlotte.
“Unison is bullish on North Carolina because of its booming retail market and potential for sustainable growth,” said Karim Fadel, founder and principal of Unison Realty Partners. “With such a stable, mature market within one of the fastest growing cities in the nation, we’re looking forward to seeing Johnston Road Plaza thrive.”
Unison currently owns and operates a number of shopping centers in the Northeast and most recently acquired Chatham Crossing, a grocery-anchored shopping center in Chapel Hill. Targeting performing properties with value to unlock, Unison Realty Partners is actively seeking new deals in North Carolina and throughout the Southeast region.
Berkeley Capital Advisors was the broker in this acquisition.
About Unison Realty Partners:
Unison Realty Partners is a Boston-based, privately held retail real estate investment management firm established in 2010. The firm’s investment strategy focuses on acquiring, repositioning, redeveloping or otherwise improving neighborhood and community shopping centers anchored by national or regional grocers. For more information, please visit www.unisonrealtypartners.com.