GBT Realty Acquires Shopping Center in North Carolina for $25.5 Million

Overlook Village in Asheville, North Carolina, is home to tenants such as HomeGoods, T.J. Maxx and Ross Dress for Less. (Photo courtesy of LoopNet Inc.) Overlook Village in Asheville, North Carolina, is home to tenants such as HomeGoods, T.J. Maxx and Ross Dress for Less. (Photo courtesy of LoopNet Inc.)

Asheville, N.C. — GBT Realty Corp. has acquired Overlook Village, a 153,820-square-foot shopping center in Asheville, for $25.5 million.

Berkeley Capital Advisors arranged the transaction on behalf of the seller, Kimco Realty. Constructed in 1989, Overlook Village was 80 percent leased at the time of sale to tenants including HomeGoods, T.J. Maxx and Ross Dress for Less. The property also houses a vacant anchor space that was formerly leased to hhgregg. The new owner plans to announce redevelopment plans for the property in the spring. 

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