The Providence Group, based in Charlotte, has successfully completed 22 retail transactions totaling over 250,000 square feet across various markets in the Carolinas. In the year 2023 alone, The Providence Group executed more than 180 retail brokerage deals worth $260 million in its core markets of North and South Carolina.
Some notable recent retail activity includes partnerships with well-known national brands such as Homesense and Marshall’s in West Fayetteville, NC; Nordstrom Rack in Matthews, NC; Burlington in Wilson, NC; Five Below in Mooresville ,NC; Planet Fitnessin Lincolnton ,NC ; Two Buck Saloonin Charlotte ,NC ;and Aldiin Irmo SC.
According to Darren Wood of The Providence Group,”Retailers have remained active even after the holiday season of2023 as we entered a new year. We are witnessing an increase infocus on suburban locations by national retailers and restaurants due to strong sales performance at prime locations coupled with limited supply caused by minimal new constructions. Additionally,the shift towards remote work patterns has also positively impacted restaurant business growth within suburban areas.”
This article was originally published on Connect CRE.
