Westside Centre, the retail power center on University Drive, has been sold to Big V Property Group of Charlotte, N.C.
Holliday Fenoglio Fowler marketed the 477,408-square-foot center for Nuveen Real Estate and SITE Centers.
Westside Centre, anchored by a Super Target, is home to Ross Dress for Less, Shoe Carnival, Five Below, Big Lots, PetSmart, Men’s Wearhouse, Tuesday Morning, Stein Mart, Dollar Tree, Zoës Kitchen and Party City.
Completed in 2001, the center is at 6275 University Drive and is visible to more than 58,000 vehicles per day. It is adjacent to the 4,000-acre Cummings Research Park, the second largest research park in the country and the fourth largest in the world. More than 38,500 residents earning an average annual income of $81,000 live within a three-mile radius of the center.
BVPG owns and operates 44 grocery and discount anchored neighborhood and community shopping centers totaling 5.3 million square feet, primarily located in strong secondary markets throughout the Southeast.
Nuveen Real Estate is one of the largest investment managers in the world with $125 billion of assets under management.
SITE Centers is an owner and manager of open-air shopping centers that provide a highly compelling shopping experience and merchandise mix for retail partners and consumers.