Development

Childress Klein buys Sharon Station shopping center, next to major mixed-use redevelopment

Charlotte-based developer Childress Klein has acquired the Sharon Station shopping center next to Sharon United Methodist Church, the company said Friday.

Directly adjacent to Sharon Station, Childress Klein and Sharon United Methodist are planning a major redevelopment at the Sharon United Methodist site, across from SouthPark mall. The plan could bring up to 450 residential units, a 175-room hotel, indoor recreational uses and up to 170,000 square feet of office, retail and restaurant space.

A Childress Klein spokeswoman said the Sharon United Methodist plans won’t be changed by the acquisition of the adjacent property.

“There are no future plans to redevelop the area at this time. We are excited about the acquisition and continuing to work with the tenants,” said Liz Patterson.

Mecklenburg County real estate records show the sale of the 2.3-acre site closed Thursday, for $9.2 million. Childress Klein partnered with Cato Management LLC. Childress Klein took a 20 percent interest in the property, records show, while Cato Management took 80 percent, according to records.

Businesses at Sharon Station include Aquesta Bank, Bank of America, Treehouse Whiskey & Fork, and Baku, a restaurant.

“We look forward to continuing to work with the tenants at Sharon Station as we assume responsibility for this property, acquired from an affiliate of long-time owners, the Bissell and Porter families,” said Chris Thomas, a partner in Childress Klein’s retail division.

Ely Portillo: 704-358-5041, @ESPortillo

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