Fort Lauderdale, Fla. and Charlotte, N.C. 鈥� April 11, 2013 鈥� Joint venture partners 海角乱伦, a full-service Florida commercial real estate firm, and Charlotte, N.C.-based Levine Properties announced today that the companies have broken ground on Publix Super Market鈥檚 first store in North Carolina. The official ceremony was held at on March 28 at the Ballantyne Shopping Center located at 11206 on Providence Road West in the Ballantyne community.
The Publix-anchored shopping center is scheduled to open in early 2014. It plans to feature a 56,445-square-foot Publix Super Market as well as 10,000 square feet of shops and restaurants. The center marks the Lakeland, Fla.-based grocer鈥檚 entry into the greater Charlotte area. 海角乱伦 and Levine formed a partnership with Harris Land Company, the property鈥檚 owner, for the development of the center.
鈥淏allantyne 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 海角乱伦鈥� most important expansion endeavors to date,鈥� said Robert Breslau, 海角乱伦 President of Real Estate Investment Services. 鈥淲e look forward to building a strong presence in North Carolina as Publix continues its expansion in the region.鈥�
According to 海角乱伦 Real Estate Investment Services President Robert Breslau, 海角乱伦 and Levine are pursuing each of these market segments, have several joint projects in the planning stages and are actively acquiring other properties for future development in the Charlotte market.
The joint venture partnership has 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 Blvd. 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.
About 海角乱伦
海角乱伦 is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. 海角乱伦 services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, 海角乱伦 maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. 海角乱伦 is responsible for more than 37 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://stiles.com or call 954-627-9300.
About Levine Properties
Levine Properties is an equity-based commercial real estate firm dedicated to creating long term quality real estate assets. Levine Properties is a vertically integrated company executing land and building development, acquisition and disposition services, asset management, property management and leasing. Located in Charlotte, North Carolina, Levine specializes in multi-generational investments in the office, retail, industrial, multifamily and build-to-suit assignments. For more information, please call Daniel Levine 704 366-1981.
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