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Sharon Lakes Retail Plaza Changes Hands

Investors Trade 56,700-SF Portfolio in 1031 Exchange
By Jeffrey Mehall
March 19, 2008 | 2:22 P.M.

Bettina Associates LLC purchased Sharon Lakes Retail Plaza, a two-building shopping center at 7631 and 7701 Sharon Lakes Road in Charlotte, NC, from Sharon Lakes Inc. Bettina Associates LLC for $4.8 million, or about $83.50 per square foot, as part of a 1031 exchange. This was the buyer's upleg in a 1031 exchange. The other building involved in the exchange was 12 S. Denton Ave. in New Hyde Park, NY.

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