BARNES & NOBLE BOOKSELLERS TO ANCHOR GRUBB PROPERTIES’ MORRISON PROJECT
28,500 sq. ft. flagship store slated for corner of Sharon and Colony Roads in South Park
CHARLOTTE, NC – March 23, 2007 - Grubb Properties and Casto Lifestyle Properties, partners in the emerging mixed-use neighborhood of Morrison in South Park, today announced a lease agreement with Barnes & Noble, the world’s largest bookseller, that will make the premier bookseller an anchor tenant at Morrison’s most prominent site: the corner of Sharon Road and Colony Road, one block from Southpark Mall.
The new Barnes & Noble at Morrison – with 28,500 square feet and a two-story layout – will feature books, cards, music, magazines, PC and video games, movies and a gourmet coffee bar and bakery. Currently scheduled to open in March 2008, it will replace the chain’s current Sharon Corners location and join gourmet grocer Earthfare as anchor tenants in the 24-acre lifestyle project. Other open and signed tenants include: Varji & Varji Salon, Winestore, Stoney River Legendary Steaks, Arooji’s Wine Room & Ristorante, and Swoozie’s.
“We couldn’t be happier with Barnes & Noble’s decision to locate at Morrison,” said Jonathan Nance, Grubb Properties’ director of commercial leasing. “We’re crafting a vibrant, living neighborhood that enhances the South Park community, and this store will be a big part of making that a reality. Barnes & Noble bookstores quickly become gathering places that attract book lovers, shoppers and local residents alike.”
“We’ve designed Morrison – for residents and retailers alike – with this type of tenant in mind, and we’ve worked closely with Barnes & Noble’s and Charlotte’s city planners to get a store that will hit a home run in South Park,” Nance added.
With the addition of Barnes & Noble to the line-up of current and coming retailers, Morrison is positioned to become North Carolina’s premier mixed-use lifestyle center as well as one of Charlotte’s most desirable new urban neighborhoods.
The lease was negotiated for Morrison by Grubb Properties’ Nance, while Barnes & Noble was represented by Tim Brennan of Core Properties.
For more information about Barnes & Noble, please visit http://www.barnesandnobleinc.com.
About Grubb Properties
Grubb Properties was founded in 1963 in Lexington, NC. After an initial focus on building, financing and selling affordable homes to low-income families, the company has grown to become one of North Carolina’s leading real estate firms with integrated expertise in residential, commercial and mixed-use development, acquisition, financing, construction, property management, sales and leasing. Grubb Properties now has approximately 100 employees, a management and/or leasing portfolio of nearly one million square feet of office and retail space, and a focus on revitalizing properties, land and communities in North Carolina’s premier real estate markets. The company is headquartered in Charlotte and maintains offices in Cary and Lexington, North Carolina. For additional information visit www.grubbproperties.com.
About Casto Lifestyle Properties
Casto Lifestyle Properties, an affiliate company of CASTO, is based in Sarasota, Florida and focuses on the development of mixed-use lifestyle centers. Current projects include the firm’s redevelopment of the 524,000-square-foot Winter Park Village in Winter Park, Florida; One Hundred Central, a private-public partnership with the City of Sarasota, anchored by Whole Foods Market; Main Street at Lakewood Ranch, a 170,000 square-foot lifestyle center development located in the heart of the 28,000-acre Lakewood Ranch project; and Lakeside Village, a 500,000 square foot mixed-use lifestyle center located south of Lakeland, FL. To learn more about CASTO Lifestyle Properties call (941) 552-2700 or visit www.castolp.com.
CASTO, a fully integrated real estate organization since 1926, is a recognized leader in the ownership, management, acquisition and development of commercial shopping centers and multi-family residences, office buildings and corporate parks. CASTO’s growing portfolio currently includes over 20 million square feet of commercial property and nearly 7,000 residential units located primarily throughout the Midwestern and southeastern United States. The firm recently opened an office in Charlotte at 8929 J. M. Keynes Drive to accommodate its growth in the area. To learn more about CASTO call (888) 400-0878 or visit www.castoinfo.com.
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Posted: March 23, 2007 - News | More News
