Updated Aug 3, 2026
SOLDRetail
Terry S. Brown Of Asana Partners Acquires Retail Center In Charlotte For $60 Million
6401 Carnegie Boulevard
$60,000,000
$919/SF
Building Size
65,276 SF
Asset Type
Retail
Closing
Jul 29, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 6401 Carnegie Boulevard, Charlotte, NC. It encompasses a total area of 65,276 square feet and is situated on a 6.41-acre site. The sale price for the property was $60,000,000, which translates to a price per square foot of $919. The property is fully leased and is known as Specialty Shops SouthPark, located across from SouthPark Mall.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60,000,000
- Square Footage: 65,276
- Address: 6401 Carnegie Boulevard
- Market: Charlotte, NC
- Acreage: 6.41
- Buyer: Terry S. Brown - Asana Partners
- Seller: Robert Spratt - Hill Partners, Inc & William Huffman - Nuveen
- Broker: Berkeley Capital Advisors
- Price Per Square Foot: $919
This deal saw Terry S. Brown representing Asana Partners acquire the property from a joint venture comprised of Robert Spratt from Hill Partners, Inc and William Huffman from Nuveen. Berkeley Capital Advisors facilitated the transaction, highlighting their involvement in managing the sale of this fully leased retail center.
On the Map
$60,000,000
$919/SF
Retail
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Players
Charlotte Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93