Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Emerging and expanding retail tenants off Interstate 77′s Exit 23 in Huntersville, just north of Charlotte, could help promote Huntersville Gateway, a 16-acresite under development just north of Charlotte.

Developer Compass Rose Associates Inc. has the land for sale at $12.50 to $15.50 psf and hopes to sell parcels to companies that would in turn build their own retail or office space.

Compass Rose president Jim Houser has hired Robert Vande Weghe, president ofEvergreen Commercial Properties, to market the project. The plan is to create a mixed-use environment of shops and offices totaling about75,000 sf, and possibly a hotel.

Although the vacancy rate in this market has been relatively high at 29.5%,it is largely due to a newly constructed building at nearby Huntersville BusinessPark, according to Frank Warren, president of Karnes Research Co.

Although leasing space at Huntersville Gateway will remain an option, the preferred plan is to sell parcels for owner-occupied development, Housersays.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.