Northmarq’s Charlotte Multifamily Investment Sales team arranges $4.6M sale of Cardinal Landing Infill Townhome community

CHARLOTTE, N.C. — Northmarq’s Charlotte Multifamily Investment Sales team led by Managing Directors Ron Corrao and Eric Liebich successfully arranged the $4.6 million land sale for Cardinal Landing, a planned 92-lot infill townhome community located at 6218 Thermal Rd in Charlotte, North Carolina.

Northmarq represented the seller, a local nonprofit organization, and also sourced the buyer, Charlotte based Hopper Communities, a local developer with a significant track record of high quality for-sale and for-rent residential community development.

“Hopper Communities’ future townhome development will undoubtedly be a first-class community designed with today’s modern buyer in mind,” Corrao said. “The infill location in a growing market in Charlotte was a key consideration of Hopper in pursuing the development. Northmarq’s competitive process allowed the seller to maximize value on behalf of the seller while ensuring that the best user purchased the site in a win-win transaction for all.”

“The location of this specific site and its proximity to main throughfares and nearby retail amenities make it an ideal infill townhome location,” Liebich said. “We’re excited to see the community come to life as Hopper works through their development process.”

Situated on 12.24 acres, Cardinal Landing will be a suburban, townhome-style community in South Charlotte. Ideally positioned off Monroe Road, the site is located within one of Charlotte’s fastest-growing submarkets.

Cardinal Landing offers a convenient 15-minute commute to Uptown Charlotte, home to nine Fortune 500 headquarters. With approximately 48% of Uptown employees commuting in from outside the area, Cardinal Landing stands out as a strategic location for easy access to the city’s major employment hubs. Residents will also enjoy proximity to top-tier grocery stores, dining, parks, and retail destinations such as Cotswold Village, Galleria Shopping Center, Matthews Township Shopping Center, and SouthPark Mall.