Hines Global Income Trust acquires Design Center of the Carolinas for ~$170M

HINES GLOBAL INCOME TRUST, INC.

Acquired July 20, 2026; contract purchase price ~$170M exclusive of transaction costs and prorations.
Property: 239,000 sq ft, 88% leased, mixed-use with 122K sq ft retail and 117K sq ft creative office in Charlotte's South End.
Tenants include Jeni's Ice Cream, Abercrombie & Fitch, Patagonia; seller was Asana Partners.
HGIT's portfolio gross asset value ~$6.45B as of June 2026; acquisition fits strategy of stabilized income assets.
Hines cites South End's favorable supply-demand dynamics and Charlotte's growth as key investment rationale.

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