Big V Property Acquires Power Retail Center in Metro Charlotte for $28.3 Million

PetSmart is one of several national retailers located at Poplin Place in Monroe, North Carolina. PetSmart is one of several national retailers located at Poplin Place in Monroe, North Carolina.

Monroe, N.C. — Big V Property Group has acquired Poplin Place, a 227,669-square-foot shopping center located in the southern Charlotte suburb of Monroe for $28.3 million.

The Target shadow-anchored center was 94 percent leased at the time of the sale to tenants including T.J. Maxx, Ross Dress for Less, Big Lots and PetSmart. Charlotte-based Berkeley Capital Advisors represented the seller, InvenTrust Properties, in the transaction.

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