Troutman Commons Development Brings Retail to Booming North Carolina Suburb

11/16/17

Rapidly Growing Area in Need of Retail.

Troutman Commons, a 65-acre retail development, is planned in the booming Troutman, N.C. area, a suburb of Charlotte. Adjacent to Lowe’s and Lowe’s Planogram facility, Troutman Commons will be perfectly situated to serve the rapidly growing area at the north end of Lake Norman, just up Interstate 77 from Mooresville, N.C. Many big box retailers are interested in the development, with grocery anchors showing a particular enthusiasm for the area.

Nearly 4,000 homes and apartment units are in the immediate 3-mile area, as new housing developments have been popping up due to the number of people moving to the area, which is home to multiple corporate and regional headquarters as well as eight Fortune 500 companies. Another 3,000 housing units are planned for the area, putting the residents in need of a grocery provider and other retail and shopping opportunities. The closest retail areas to Troutman are five miles to the south in Mooresville, or further to the north in Statesville.

Scott Tiernan, vice president SRS Real Estate Partners’ Atlanta office is currently handling the leasing for the development.

About SRS Real Estate Partners

SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit www.srsre.com.

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