EastGroup buys North Carolina portfolio

EastGroup Properties on Monday announced the acquisition of a portfolio of properties in metropolitan Charlotte, N.C., for a purchase price of $41.9 million.

The portfolio consists of five buildings with 669,000 square feet in four different locations and 9.9 acres of developable land. In total, the buildings were 86 percent leased at the time of sale to 14 customers.

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