December 29, 2014 11:29 AM ET

Real Estate Management and Development

Company Overview of Pappas Properties LLC

Company Overview

Pappas Properties LLC develops, manages, and markets residential and mixed-use projects in North Carolina. Its services include land development, mixed-use development, marketing and event management, hotel development, and property management and third party management. The company offers multi-use and mixed-use projects in the Charlotte area, including Phillips Place, Metropolitan, and Birkdale Village. Pappas Properties LLC was founded in 1999 and is based in Charlotte, North Carolina.

1111 Metropolitan Avenue

Suite 325

Charlotte, NC 28204

United States

Founded in 1999

Phone:

704-716-3900

Fax:

704-716-3939

Key Executives for Pappas Properties LLC

Founder
Age: 52
Chief Financial & Administrative Officer
Senior Vice President of Construction
Director of Design & Construction
Vice President of Residential Marketing
Compensation as of Fiscal Year 2014.

Pappas Properties LLC Key Developments

Pappas Properties Purchases 69 Acres in Steele Creek Area for Berewick Expansion

Pappas Properties has purchased 68.7 acres in Charlotte's Steele Creek area for an expansion of its Berewick residential development. An affiliate of the Charlotte real estate firm purchased the land this month for $2.4 million from a partnership controlled by Sarah Belk Gambrell. The undeveloped tract is on the south side of Shopton Road, near Westinghouse Boulevard. The firm purchased the land in order to expand the Aberdeen section of Berewick. The company expects new single-family development to start on the land in the third quarter. More than 1,100 single-family homes and 180 townhomes have been built at Berewick, and Pappas recently told the Charlotte Business Journal that about 100 homes per year were being absorbed there. Pappas says new retail development in Steele Creek such as Berewick Town Center and Charlotte Premium Outlets, a 400,000-square-foot outlet mall that is expected to open this summer, is helping to drive demand for residential lots among builders.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 13, 2014
68.7 Acres In Charlotte's Steele Creek Area
 

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