MERIdian Place Shopping Center

Asheville, NC

Anchor purchased this 29,000 SF multi-tenant shopping center in 2014. The center was developed in 2007 and fell victim to the Great Recession. Anchor purchased the property from the original lender at a discounted price and had the center 100% leased within 12 months of purchase. The center is located in the highest income area of Asheville and is anchored by Tupelo Honey.  Anchor received an unsolicited offer and sold the center for a substantial return for our investors.