CHARLOTTE—Publix is expanding its brand into a new southeast market. Fort Lauderdale, FL-based Stiles and its Charlotte-based joint venture partner Levine Properties recently broke ground on Publix Super Market's first store in North Carolina.

Dubbed Ballantyne Shopping Center, the new Publix-anchored retail outlet is located at 11206 on Providence Road West in the Ballantyne community. Plans call for a 56,445-square-foot Publix Super Market as well as 10,000 square feet of shops and restaurants.

Ballantyne Shopping Center marks the Lakeland, Fla.-based grocer's entry into the greater Charlotte area. Stiles and Levine formed a partnership with Harris Land Company, the property's owner, for the development of the center.

“Ballantyne Town Center represents not only the introduction of one of the most successful grocery retailers in the Southeast, but also the beginning of one of Stiles' most important expansion endeavors to date,” says Robert Breslau, president of Real Estate Investment Services at Stiles. “We look forward to building a strong presence in North Carolina as Publix continues its expansion in the region.”

According to Breslau, Stiles and Levine are pursuing each of these market segments, have several joint projects in the planning stages. The joint venture is actively acquiring other properties for future development in the Charlotte market.

In fact, the companies have already started plans on their second Publix-anchored shopping center in Charlotte, Shops at South Line. That project will be located at the intersection of South Boulevard and Iverson Way and plans to feature a 54,975-square-foot Publix Super Market as well as 8,400 square feet of shops and restaurants. It is expected to break ground within the second quarter of 2013.

Instant Insights /

Publix Breaks Ground on First NC Store

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