HP Village Owners Buy Stake in Charlotte Shopping Center
The owners of Highland Park Village are growing their profile, having bought a stake in the upscale Phillips Place, a retail center in Charlotte, North Carolina.
Highland Park Village Management, led by Stephen Summers and Ray Washburne, whose families own Highland Park Village, will also be responsible for marketing and leasing of Phillips Place, a 163,000-square-foot mixed-use property in Charlotte’s coveted SouthPark neighborhood. The families bought a minority interest in Phillips Place through A.G. Hill Partners, their family office. Lincoln Harris CEO and Chairman Johnny Harris maintains his majority ownership.
“We are looking forward to partnering with the Lincoln Harris team and collaborating on this project,” said Washburne, who serves as president of HP Village Management. “Phillips Place is Charlotte’s premier retail center, a unique destination with unlimited potential. Combining our efforts, we’ll continue to enhance and evolve the shopping and dining experience.”
Planning is also underway for a new 250,000-square-foot office building at Phillips Place with an additional 20,000 square feet of retail space.
“There is a great deal of momentum at Phillips Place,” said Lincoln Harris CEO and chairman Johnny Harris, “from the amazing facility RH Charlotte opened in 2020 to the recent tenant additions and some of the future plans, like the new office building and the 3.2-mile SouthPark Loop of bicycle and walking trails connecting us to the rest of this neighborhood. It’s a great time to partner with a firm like HP Village Management that has the expertise and shared vision to help us make Phillips Place all that it can be.”
