October 31

Starwood Capital Group Buys Northlake Mall For $248 Million


Starwood Capital has purchased recently the Northlake Mall for $248 million.

The shopping center, located at West W.T. Harris Boulevard and Interstate 77, was one of the seven shopping centers that Tauban Center Inc. sold to Starwood, a $1.4 billion deal announced last summer. Starwood also owns One Wells Fargo Centre office tower situated at uptown Charlotte.

Northlake mall, constructed last 2005, has more than a million square feet of leasable space. According to Charlotte Business Journal, this mall is considered one of the biggest shopping centres in Charlotte.


Charlotte, Charlotte Real Estate, How’s the Market TV, Nancy Braun, Northlake Mall, Real Estate, showcase realty, Starwood Capital

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