North Carolina retail plaza sold

'Strong demand' characterizes market

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Cushman & Wakefield brokered the sale of Akers Shopping Center in Gastonia, N.C., for an undisclosed price. New York-based DLC Management Corp. purchased the 240,957-square-foot property from Kimco Realty Corp. Constructed in 1977 and renovated in 1990, the shopping center was anchored by a 62,900-square-foot Hobby Lobby, a 45,000-square-foot Toys "R" Us and a 28,355-square-foot Steve & Barry's -- plus a "shadow" anchored Target -- at the time of sale. "The sale of Akers Shopping Center affirms Gastonia's continued growth on the western side of Charlotte and the continued strong demand for multi-anchored retail in North Carolina," said Kris J. Cooper, a senior director and team leader at Cushman & Wakefield. Cushman & Wakefield provides commercial real estate services in 55 countries worldwide. ...