Pineville Commercial Realty buys North Carolina shopping center

Northbrook, Ill. - Pine Tree Commercial Realty LLC has acquired Riverbend Marketplace, a regional shopping center located in Asheville, North Carolina, in partnership with Wanxiang America Real Estate Group. The 142,617-sq.-ft. shopping center is shadow-anchored by Walmart, anchored by Kohl’s and Petsmart, and features 110,715-sq.-ft. of national best-in-class retailers.



“We are very excited to have acquired Riverbend Marketplace especially given Asheville’s strong, vibrant and growing community,” said Todd Zinsmaster, executive VP, acquisitions & development at Pine Tree Commercial Realty. “Entering the North Carolina market has been a goal of Pine Tree’s, and we look forward to committing our resources and expertise to immediately increase the value of this asset in addition to expanding future holdings throughout the Southeastern United States.”