January 15, 2015

Collett Management Team to manage new BJ's at the Metropolitan, Charlotte, NC

It's official: BJ's Wholesale Club Inc. plans to open a store at the Metropolitan in midtown Charlotte this year.

Property Markets Group, a real estate firm based in New York, has acquired the former Home Depot Design Center space at the Metropolitan at $14 million and has signed a lease with BJ's for a new 101,000-square-foot location that is expected to open later this year, according to a release from BJ's.

The Charlotte Business Journal broke the news last month that BJ's was targeting the former Home Depot Design Center space for a new location.

"BJ's is very pleased to be working with such a trusted developer as PMG," said Pat Smith, assistant vice president of real estate for BJ's. "Together, we look forward to providing another convenient shopping destination that fulfills the needs of value, selection, quality and leading brands for Charlotte consumers and families.

PMG is marketing the remaining 21,000 square feet of space for lease. Carmel Construction is the general contractor, and Bignell Watkins Hasser is the architect. ColeJenest & Stone is the civil engineer, and Collett will manage the property.

Will Boye
Charlotte Business Journal