LOCAL INVESTOR BUYS TRIO PLAZA

Charlotte-based The Tomlin Group has purchased the two-story Trio Plaza retail building in South Charlotte from Island Creek Land Co for$1.6M in a 1031 exchange. The 11,600 SF, one-acre property is located at 10701 McMullen Creek Pkwy and was almost fully leased at the time of the sale, Tomlin?s Bruce Tomlin tells us. It's anchored by a Sherwin-Williams paint store, while small office users occupy the second story. Efird-Bentley?s Tom Bentley repped the seller.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Delaware Statutory Trust Fundraising Jumps 27% From 2025

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal

High Costs Pose Barriers For Ground-Up Hotel Development In Charlotte

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

CoreCivic Gets Third Leader In A Year After CEO Resigns

Construction Tech Firm Kahua Secures Bain Capital Investment At $1B Valuation

Bankrupt Pennsylvania City Gets Nearly $100M Injection, But Visions For Revitalization Diverge

Amherst CEO On Stagflation Risks And The Forces Reshaping The Housing Market

Charlotte Office Park Sells For $64M With Plans For Food And Beverage Space

The Bisnow UK Real Estate Influence List: 26 People Dominating The Sector