Charlotte, NC (February 2006) – CWTR Investments, LLC has purchased a 4.5-acre site (sales price $250,000) at Rivercrossing, a Crosland project developed by Merrifield Partners. The site, located on Highway 21, will be developed as a 20,000 square foot building with a flooring store and some additional small spaces for lease.
Rivercrossing is a 150-acre mixed-use center located off I-77 at Sutton Road, in Fort Mill, S.C. Mark Newell of Merrifield Partners represented the Seller in this transaction.
About Merrifield Partners
Merrifield Partners, an affiliate of Crosland, is one of Charlotte’s leading office and industrial development and brokerage firms. Operating as Crosland Commercial for many years, Merrifield Partners developed a portfolio of over 2,500 acres of land and 2.5 million square feet of commercial space. For more information, visit www.merrifieldpartners.com.
Founded in 1937, Crosland is one of the Southeast’s leading diversified real estate companies. Its expertise in retail, multifamily, office, land development and general contracting enables it to be an innovator in multi- and mixed-use development.
Headquartered in Charlotte, N.C., Crosland has offices in Raleigh, Orlando, Tampa and Nashville, and develops, builds and manages properties in the Carolinas, Florida, Tennessee and Virginia. The privately held company’s current portfolio has a market value exceeding $1 billion. For more detail, www.crosland.com.