Two of the five new hires, senior leasing associate GarlandHughes and property manager Holly Hess, are returning Croslandemployees. The other three include development manager DanWendover, formerly with Little & Associates Architects; leasingassociate Charles Thrift, formerly with Aston Properties; andfinance manager Traci Gilbert, formerly with Bank of America.

Crosland has 1.6 million sf of retail under development in sixCharlotte-area projects. One of them, Birkdale Village, will total$75 million, twice the value of the division's previous highestvalue project. Birkdale Village is a mixed-use project consistingof retail, residential, and office, off Interstate 77 near LakeNorman in Huntersville. Crosland Retail, which is developing it ina joint venture with Pappas Properties, expects most of the retailshops will be leased and operating by next fall.

The retail division is currently focused on three majorCharlotte-area projects in south Mecklenburg County. Rea Village isa $10-million, 70,000-sf neighborhood shopping center. A secondneighborhood center totaling 70,000 sf is at US 521 and old US 521.The third retail project is a 515,000-sf project on 59 acres withina 275-acre site that Crosland will develop as a mixeduse-community.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.