Barings Deepens Investment in Charlotte Center City, Expanding Third Ward Retail and Entertainment
Barings, one of the world’s largest diversified real estate investment managers, announced today an investment in Charlotte Center City, on behalf of one of its managed accounts. The 100 W. 3rd St. project, will include the redevelopment of retail space along the corner of Third and Church Streets, adjacent to Romare Bearden Park in Uptown Charlotte. Renovations will commence in February and are scheduled to complete in late summer.
“We continue to seek opportunities to invest in our community, and this project will further enhance our city’s Third Ward,” said Tom Finke, Barings Chairman and Chief Executive Officer and incoming Charlotte Center City Partners Board Chair. “Our vision for this project is to deliver high quality retail that complements our existing investments at 300 S. Tryon and the Tryon Park Hotel.”
In conjunction with the renovation project, Barings is exploring opportunities to bring urban art to the upper façade of the parking garage above the newly renovated retail space, which will further enhance the area and spark intrigue from city goers.
Cassie McCrain, Managing Director at Barings Real Estate, added, “We are excited to embark on this project to improve the Third and Church Street corner. The interest we are receiving from prospective retail and restaurant tenants is very positive.”
Barings Real Estate
Barings Real Estate offers a broad range of global investment opportunities across the public and private debt and equity investment markets. We invest in all major property sectors and offer a broad range of financing solutions to real estate borrowers. We also specialize in providing government and government-sponsored entity lending products through our wholly owned subsidiary, Barings Multifamily Capital. Follow us on LinkedIn at www.linkedin.com/showcase/barings-alternative-investments.
Barings is a $335+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
*As of September 30, 2019