Charlotte developers noticed suburb’s growth. So they bought a shopping center

Concord’s continued economic and population growth has attracted two Charlotte real estate firms. And that attraction led to their first commercial property purchase in the city.

In July, Idlewood Capital and Morgan Co. bought the South Union Shopping Center at 860 Union Street South for $7.9 million, according to Cabarrus County property records.

The shopping center is anchored by Food Lion and hosts several restaurants and retailers such as Señor Agave Mexican Grill & Bar and an ABC store…

Story continues

TRENDING NOW

LATEST LOCAL NEWS