AcquisitionsJul 21, 2026, 11:57 AM
Hines Global Income Trust Acquires Design Center for $170M
AI Summary
Hines Global Income Trust (HGIT) announced the acquisition of the Design Center of the Carolinas for approximately $170.0 million. This premier mixed-use property in Charlotte, North Carolina, spans 239,000 square feet and is 88% leased. The acquisition expands HGIT's presence in Charlotte and aligns with its strategy to build a diversified portfolio of stabilized assets with durable income potential.
Key Highlights
- Hines Global Income Trust acquired Design Center of the Carolinas for approximately $170.0 million.
- The acquired property is a mixed-use retail and workspace located in Charlotte, North Carolina.
- It comprises approximately 239,000 square feet of net rentable area.
- The Design Center of the Carolinas is currently 88% leased.
- The property includes 122,000 square feet of retail and 117,000 square feet of creative office space.
- Hines Global Income Trust's portfolio has a gross asset value of approximately $6.45 billion as of June 2026.
Price Impact
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