Pittsburgh Developer Collects Charlotte-Area Harris Teeters

ECHO Realty just bought two more Harris Teeter-anchored shopping centers, which brings the Pittsburgh-based company’s grand total to six Charlotte-area properties.

The purchase includes Cannon Crossroads in Concord and Matthews Township Shopping Center in Matthews. Cannon Crossroads houses 12 businesses, including Great Clips, State Farm and Domino’s Pizza. Matthews Township Shopping Center has 19 retailers, including Stein Mart, Dairy Queen, Hallmark and Chipotle Mexican Grill.

“Charlotte has been a primary focus for ECHO Realty’s growth, and we are pleased to add two more quality Harris Teeter-anchored centers to our portfolio as we continue to acquire centers anchored by best-in-class grocery,” ECHO Realty CEO Thomas Karet said in a statement.

The grocery-anchored retail owner stepped into the Charlotte market in 2015. The company owns seven North Carolina shopping centers, all with Harris Teeter as anchor tenants. In addition to properties in Concord, Charlotte, Huntersville, Matthews and Mooresville, the company owns a shopping center in Wilmington. The development and construction management, property management, leasing and brokerage company owns 225 properties nationwide.

Matthews-based Harris Teeter employs 30,000 and operates 230 stores in North Carolina, including 17 fuel centers; the 18th opens on Oct. 24 in Belmont.

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

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

Bouwinvest Expands International Real Estate Platform As Repricing Continues

Robotics Company To Relocate HQ Within Charlotte, Double Size

EQT Real Estate Sells 10M SF Southeast Logistics Portfolio

Charlotte Developer Seeks Extension For RedStone Development

Community Pushback, Water Concerns Keep Charlotte Stalled On Data Center Rules

Controversial $18M Charlotte-Area Hotel Project Gets Rezoning Approval

Beacon Partners Sells Charlotte Mixed-Use Development For $92M

SL Green Booted As Worldwide Plaza Manager Amid Foreclosure Battle

Tishman Speyer Makes Charlotte Debut With $76.3M Apartment Buy

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

How JLL Uses Experiences To Give Retail Customers 'A Reason To Be There'