Charter Realty & Development Corp. brings New Brite Plaza to 100% occupancy
According to Charter Realty & Development Corp., it has now leased to capacity the New Brite Plaza, a 164,084 s/f power center located at the intersection of Martin Luther King Dr. and East Main St.
The shopping center is anchored by Ocean State Job Lot, Save-A-Lot, AJ Wright, Advanced Auto, Dunkin' Donuts, Michaels, Town Fair Tire, McDonald's and the latest addition to the shopping center, Taco Bell.
Charter currently leases or owns over 14.9 million s/f of centers throughout the East Coast.
Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.