MPV Properties said this week that it has leased nearly 14,000 square feet of space to two new tenants at Terrace Medical Plaza in Pineville.

Newport Academy, which provides evidence-based healing centers for adolescents, young adults and families struggling with mental health issues, will occupy a 12,078-square-foot space in the Class A retail and medical plaza. Local health-food brand Rico’s Acai will lease 1,888 square feet of retail space there. It will be Rico’s fourth location.

Currently, Rico’s has brick-and-mortar stores in Plaza Midwood and Ballantyne, and a food truck location in the nearby city of Belmont. The business started in 2015, serving breakfast and lunch bowls from a food truck in uptown.

The newly redeveloped Class A plaza is located at 9101 Pineville-Matthews Road, directly across the street from Atrium Health’s Pineville medical campus. Its current tenants include OrthCarolina, Starbucks, Sabor and Corelife – Novant Health, which moved in last September.

Collett Capital, purchased the 81,440-square-foot property from Charlotte-based LLC Terraces SC Property Holdings in 2018 for $12.35 million, according to Mecklenburg County real estate records. The former Bi-Lo grocery store, which moved out of its 44,000-square-foot space that year, was subdivided for OrthoCarolina’s 20,000-square-foot lease.

Two spaces are currently available in the center, 6,240 square feet appropriate for medical office use and 3,898 square feet of medical office or retail space.

Article Link: Charlotte Business Journal