Charlotte, NC (April, 2017) – MPV Properties (MPV) is pleased to announce that White Point Partners, a Charlottes-based private real estate investment firm, has acquired approximately 5.1 acres of land at the corner of Yancey Road and Old Pineville Road in the emerging entertainment and brewery hub of Lower South End/Queen Park. The site has been home to Bowers Fibers for decades, and White Point intends to keep much of the existing infrastructure in the adaptive reuse of the property, transforming it into retail and office space.
White Point Partners has worked in this corridor before, acquiring and redeveloping the building that now houses Queen Park Social. Lower South End/Queen Park is also home to Olde Mecklenburg Brewery, Sugar Creek Brewery, The Broken Spoke Distillery, and GoodRoad Ciderworks.
Matt McLanahan and Brad Murr with MPV Properties represented White Point Partners in their acquisition of the property, and Bailey Patrick, also of MPV Properties, represented Bowers Fibers.
About White Point Partners
White Point Partners is a private investment firm specializing in the acquisition, development and repositioning of commercial, multifamily and self-storage real estate assets throughout the U.S., with a particular focus on the South. For more information, visit www.whitepointpartners.com.
About MPV Properties
MPV Properties is one of the Charlotte area’s leading commercial real estate firms offering office, industrial, retail and land brokerage, development, and property management services. For more information, visit www.mpvre.com.