Investor makes cross-country real estate purchase

Space occupied by home-improvement store

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A San Diego-based investor recently purchased a 135,107-square-foot retail building in Charlotte, N.C., occupied by a home-improvement center. The value of the transaction was $15.2 million. Carolina Emerald purchased the property, which is located at 940 Concord Parkway on approximately 21 acres, from Dr. David Haskell. In 1999, Lowe's Companies, Inc. signed a 20-year lease for the build-to-suit home improvement center. San Diego-based Colliers International arranged the transaction. ...