A joint venture between ZR Strategic Property Investments LLC and US Advisors LLC has purchased Grande Promenade, a 202,555 square-foot retail center in Charlotte, N.C.

A partnership between Ghazi NC LLC and St. James Place of Charlotte LLC sold the property for $55.5 million.

The property, located at the intersection of WT Harris Boulevard and Tryon Street, is ZR Strategic and US Advisors’ second purchase in the city, according to a press statement.

Tenants at the time of purchase included Ashley Furniture, Total Wine, The Melting Pot, FedEx Kinko’s, Jos. A. Banks, numerous restaurants, as well as service-related businesses.

Encino, Calif.-based Marcus & Millichap, a commercial real estate brokerage operating nationwide, brokered the deal.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription