06/02/2025
A Landmark Acquisition for C.F. Smith Property Group.
We are proud to announce the acquisition of Pinecrest Plaza, a 300,000 SF regional shopping center located at 10205 US 15 501 Hwy in Southern Pines, NC — right in our backyard and one of the most dynamic small markets in the Carolina's.
This transaction marks the largest acquisition in C.F. Smith's 60-year history, a true milestone for our team and a testament to our long-term investment strategy. Strategically positioned at the premier retail intersection in the market, Pinecrest Plaza is a landmark location - offering superior site connectivity, full access from US 15/501 and Morganton Road, and unmatched visibility that cements this 34-acre site as the dominant retail destination in the Sandhills region.
Anchored by an impressive tenant roster including Belk, Food Lion, Michaels, Books-A-Million, Bath & Body Works, and many more, Pinecrest Plaza serves as the retail heartbeat of Southern Pines and the surrounding region.
As long-term stewards of this asset, we are committed to thoughtfully curating a best-in-class merchandising mix that will elevate Pinecrest Plaza into a true destination shopping experience and drive significant long-term value. Our goal is to enhance the customer experience, support consistent tenant sales, and redefine this property as a dynamic regional center for decades to come.
A huge thank you to the seller Hawthorne Retail Partners, Inc. and Shoff Allison for trusting us to execute and shepherd this asset into its next chapter. First class all the way.
This was a massive team effort, executed flawlessly. At C.F. Smith Property Group, we're all about: Best Sites. On Time. Trusted Partner. Barry Embler Heather Adams Zach Von Rupp Angela Morganthal Claudia Robinette John Parker Steve Trythall Cindy Bass Neil Robinette Kate Papp, Cat Moore
We’re excited for what’s ahead — and honored to continue investing in the growth of our hometown. Now, let’s get to work and do some !
📞 For leasing opportunities, contact:
Matt Larson CBRE
Zach Von Rupp