Shops at Southline Wins 2015 Retail Project of the Year in Charlotte Heavy Hitter Awards
Posted on 10/22/2015Shops at Southline was named 2015 Retail Project of the Year at the Charlotte Business Journal Heavy Hitters in Real Estate Awards ceremony on Wednesday, October 21 in Charlotte, NC. The program recognizes excellence in commercial real estate transactions and development across the region. Shops at Southline was completed in April 2015 by Stiles, a full-service real estate developer with offices throughout Florida and in Charlotte, NC.
"The terrific group of winners in this year's Heavy Hitter awards represents the top tier of the real estate development industry in Charlotte," said Chris Grenier, vice president of Stiles Development, North Carolina. "The various developments being honored reflect great ideas and outstanding design that have had significant impact on Charlotte's growth and continued vitality. We are honored to be recognized alongside each of these firms and projects, and congratulate all of them for their innovation, perseverance and leadership."
Completed in March 2015, Shops at Shops at Southline is located at 2222 South Boulevard in Charlotte's historic South End district. The center features a 55,000-square-foot Publix Super Market as well as 10,000 square feet of shops and restaurants. It is highly visible with more than 200 feet of frontage on South Boulevard, and within a one-mile radius of 18 future and existing multi-family developments totaling nearly 4,000 units.
"Shops at Southline represents the latest design and innovation in retail development," said Grenier. "Unlike most Publix-anchored centers, Shops at Southline is an urban format with two levels of underground structured parking. While more complex in its design and development, this format lends to a true urban environment which brings further benefit to area residents."
Winners are selected for superior achievement in eight categories, including Top Mixed-Use Development and Top Office Development. Finalists are also named in nearly every category. Shops at Southline, the only winner without a finalist in its category, is recognized on the basis of quality, innovation, and viability.
"We're obviously very pleased to see Shops at Southline embraced by the Charlotte market as the new standard for quality and convenient retail shopping," said Grenier.
Shops at Southline has distinguished itself by achieving a near 100% lease rate. The center is currently leased to BB&T Bank and Supercuts, and Stiles Realty is in negotiations with other retailers for the remaining space. The center is Stiles' third completed Publix-anchored retail development in Charlotte. The company is currently underway with its fourth Publix-anchored retail development as well as a 186-unit luxury apartment project.
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. The company is responsible for more than 43 million square feet of office, residential, industrial, retail and mixed-use projects throughout the southeastern United States. In addition to its core services, Stiles founded the Stiles Property Fund in 2011 as a discretionary value-added real estate fund focused on existing distressed office and retail real estate in Florida. Headquartered in Fort Lauderdale, Stiles has built its footprint throughout Miami, West Palm Beach, Naples/Fort Myers, Tampa, Orlando, and Jacksonville, Florida. The company also maintains a development office in Charlotte, North Carolina. Learn more about Stiles at www.stiles.com or contact 954-627-9300.