The 280,000-square-foot shopping center is 99 percent leased, the company says.
The acquisition marks $40 million worth of deals for the Charlotte-based group during the third quarter.
Other deals include
Commons in Huntersville and North Market in Rivers North Charleston.
In all, Hawthorne Retail is seeking to acquire $200 million worth of shopping centers throughout the Southeast during the next few years and anticipates acquiring additional shopping centers through the rest of this year.
Hawthorne Retail Partners operates and invests in shopping centers located in the Southeast on behalf of third party clients, institutional investors and private investment groups.
Retail Partners is a division of The Hawthorne Companies, a diversified real
estate investment and management company, whose other division, Hawthorne
Residential Partners, is a Greensboro
based apartment management and investment company. Collectively, the Hawthorne
Companies manages over 90 properties throughout the Southeast.