Dunn Commons in Charlotte, North Carolina, has officially been sold to a private investment group based in the region. Dunn Mileham and David Morris of Trinity Partners handled the sale on behalf of the seller, Byrd Dunn Commons, LLC.
Located at 10210 Couloak Drive, Dunn Commons is an approximately 10,000 SF multi-tenant retail building that sits prominently on the signalized corner of Mount Holly-Huntersville Road and Couloak Drive. The property was 100 percent occupied at the time of sale by Wells Fargo, Carolinas Healthcare Systems, Domino’s Pizza, and Rosie’s Kitchen.
“The property is anchored by three high-credit companies that were original tenants to the property when it was developed in 2006-7,” David Morris, Trinity Partners Director of Investment Property Sales, said “Recent early renewals by two of the three tenants, along with the addition of Rosie’s Kitchen validated the location and investment thesis. The property has experienced stable occupancy over the years primarily due to the smaller, functional units, highly visible location and ‘uses/services’ that are in high demand for area residents. Furthermore, the opportunity to work with our property management team facilitates a smooth sales process as we are able to provide timely, accurate responses to buyer inquiries.”
About Trinity Partners
Trinity Partners is a full-service commercial real estate firm serving corporate users and institutional owners throughout the United States, with nine service lines ranging from landlord and tenant representation to property management and investment sales. Trinity currently leases and/or manages over 16 million square feet of space across the region through our three offices in Charlotte and Raleigh, North Carolina, and Greenville, South Carolina.