**Childress Klein, Ascentris Secure $50M Refinancing for Charlotte Retail Center**
Childress Klein and Ascentris have secured a $50 million refinancing package for Waverly, a 218,657-square-foot shopping center located in Charlotte, North Carolina. The financing was provided by Bank of America.
According to industry reports, the previous debt on the property was a $42 million loan issued by Regions Bank in 2018, the same year Ascentris acquired a stake in the asset. Waverly officially opened in 2017 and has since become a cornerstone retail destination in the area.
Situated at 7404 Waverly Walk Avenue, the shopping center is a key component of a 90-acre mixed-use development. The broader project encompasses a variety of uses including hotel accommodations, medical and office space, and a residential community. Waverly is positioned approximately 13 miles southeast of downtown Charlotte and less than a mile from Interstate 485, offering convenient access for visitors and residents alike.
The center is anchored by a Whole Foods Market and features an array of national and specialty tenants such as Ulta Beauty, Athleta, Pet People, and Plant House.
The refinancing reflects continued investor confidence in Waverly’s strong market positioning and diverse tenant mix.
