Updated Oct 28, 2025
Hines Acquires 48.3 Acres Mixed-Use Complex In Huntersville NC From Nuveen And Jamestown For $273.9M
Birkdale Commons Parkway
$273,900,000
$407/SF
Building Size
673,000 SF
Asset Type
Mixed-use
Closing
Oct 24, 2025
About this deal
AI
The property asset involved in the transaction is a mixed-use complex located at the intersection of Sam Furr Rd & Birkdale Commons Parkway in Huntersville, NC. The complex spans 48.3 acres and has a total square footage of 673,000. It was sold for a transaction amount of $273,900,000, which equates to approximately $406.98 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $273,900,000
- Sale Date: 10/24/2025
- Market: Huntersville, NC
- Square Feet: 673,000
- Price Per Square Foot: $406.98
- Buyer: Hines
- Seller: Nuveen & Jamestown
- Number of Apartments: 320
- Major Tenants: Apple, Pottery Barn, Sweetgreen
The deal was facilitated by Hines, which acquired the Birkdale Village property from the joint ownership of Nuveen and Jamestown. The asset features a variety of tenants and is nearly fully leased, indicating a strong occupancy rate.
Huntersville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse Huntersville mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93