Westwood Financial Acquires Trader Joe’s-Anchored Shopping Center in Charlotte for $25.1M

The Arbors at Mallard Creek in Charlotte, N.C., houses Trader Joe's, Petco and Zoë's Kitchen. The Arbors at Mallard Creek in Charlotte, N.C., houses Trader Joe's, Petco and Zoë's Kitchen.

Charlotte, N.C. — Westwood Financial LLC has acquired The Arbors at Mallard Creek, a 55,323 square-foot, Trader Joe’s-anchored shopping center in Charlotte’s University City neighborhood. CBRE’s Mike Burkard and Casey Rosen represented the buyer, Los Angeles-based Westwood Financial, and the undisclosed seller in the $25.1 million transaction. Located at 2121 E. Arbors Drive, the property sits approximately four miles from the University of North Carolina, Charlotte and is home to tenants including Petco, Massage Envy, Hickory Tavern and Zoë’s Kitchen. The center was 98 percent leased at the time of sale.

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