Mergers & Acquisitions ·
Hines Global Income Trust, Inc. acquired Design Center of the Carolinas on July 20, 2026, for an approximate contract…
HGITHines Global Income Trust, Inc.
Hines Global Income Trust, Inc. acquired Design Center of the Carolinas on July 20, 2026, for an approximate contract purchase price of $170.0 million. The acquired asset is a mixed-use retail and creative office property located in Charlotte, North Carolina, spanning approximately 239,000 square feet of net rentable area. The property is currently 88% leased and includes tenants such as Abercrombie & Fitch and Patagonia. This acquisition expands the company's presence in the Charlotte market and aligns with its strategy of acquiring stabilized assets. Hines Global Income Trust, Inc. is a real estate investment trust that invests in commercial real estate.