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Simon adds to Charlotte, North Carolina, portfolio with retail center acquisition

REIT pays $144.8 million for Phillips Place in SouthPark area
Phillips Place has more than 25 stores and restaurants as tenants. (CoStar)
Phillips Place has more than 25 stores and restaurants as tenants. (CoStar)
CoStar News
November 20, 2025 | 12:14 AM

Retail landlord Simon Property Group has acquired an open-air lifestyle center for $144.8 million in Charlotte, North Carolina, adding to its holdings in that market.

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