CRE-Pro Acquires Redbud Commons in Gastonia, North Carolina
Miami, Florida: April 2019 – Gideon Gratsiani and CRE-Pro, LLC, a Boutique Commercial Real Estate Firm specializing in Ownership, Acquisition, and Redevelopment of shopping centers, office buildings, and multi-family residential facilities acquired Redbud Commons in Gastonia North Carolina. The property was foreclosed on in July of 2014.
Redbud Commons, a 63,884 SF grocery-anchored shopping center in rapidly-growing Gastonia, NC, which is the largest city within the Charlotte MSA. RedbudCommons has a history of high occupancy and low turnover of service-oriented tenants in an affluent area with established grocery demand. The property has a diverse mixture of tenants including Subway, Pizza Hut, Metro PCS and others with BI-Lo being the anchor.
Redbud Commons opened in 2004 with a major renovation in 2016. It has 317 parking spaces available for consumers with 5 access points for the property.
RedBud is at the intersection of two heavily traveled roads in an established retail corridor with convenient access to Interstate 85•The property is located approximately 3miles southeast of Gastonia’s central business district and 12 miles west of Charlotte’s central business district