OFFERING SUMMARY

Shoppes at Ardrey Kell investment consists of a new construction retail center located in the booming Ballantyne area of Charlotte, North Carolina. The Harris Teeter anchored-center is 82,296 square foot center.

SUBMARKET OVERVIEW

Mecklenburg County is centered in the middle of the exploding Charlotte Region, one of the healthiest and strongest economies in the nation. The city is the center of the nation's fifth largest urban region, with 7.1 million people living within a 100-mile radius. South Charlotte's economy is driven by the dense, growing residential surroundings and thriving Charlotte economy. Ballantyne is one of Charlotte's newest and fastest developing areas and is located just south of the I-485 beltline. The new live-work community encompasses 2,200 acres in the southernmost part of Charlotte and has quickly become one of the most attractive places to relocate.