Abacus Capital, JE Dunn Capital & L&B Realty Acquires Development Site On Cleveland Avenue For $5M

The Development Site located at 2025 Cleveland Avenue in Charlotte, N.C has been sold for a price of $5,000,000. The transaction took place on December 14, 2022. The property is a development site and was acquired by a consortium consisting of Abacus Capital, JE Dunn Capital Partners, and L&B Realty.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,000,000
• Address: 2025 Cleveland Avenue
• Market: Charlotte, N.C
• Buyer: Abacus Capital, JE Dunn Capital Partners & L&B Realty

The buyer group comprising Abacus Capital, JE Dunn Capital Partners, and L&B Realty successfully completed the acquisition of the development site at 2025 Cleveland Avenue. The deal marks a significant investment in the Charlotte, N.C market, showcasing the confidence of these prominent companies in the potential growth and development opportunities in the area.