Groundbreak.

Lowes Foods Signs 20-Year Lease at Terrell Town Center

Lowes Foods will anchor MPV Properties' Terrell Town Center in Sherrills Ford with a nearly 51,000 SF store under a 20-year lease.

Site plan for Terrell Town Center at Sherrills Ford Road and Highway 150, anchored by Lowes Foods
Site plan for Terrell Town Center at Sherrills Ford Road and Highway 150, anchored by Lowes FoodsImage via MPV Properties

Lowes Foods has signed a 20-year lease to anchor Terrell Town Center, a retail development at 9210 Sherrills Ford Road in Sherrills Ford. The lease, filed October 14, covers a nearly 51,000-square-foot store. MPV Properties is developing the project, with delivery expected in Q2 2028.

Conceptual site plan for Terrell Town Center showing grocery anchor, retail shops, fuel and c-store pads
Conceptual site plan for Terrell Town Center showing grocery anchor, retail shops, fuel and c-store padsImage via MPV Properties

The Catawba County Board of Commissioners approved the rezoning December 15, 2025, in a 5-0 vote, removing 400 previously approved multifamily units. A development agreement between the county and MPV was approved alongside it. The rezoning covered about 15.6 acres of the roughly 65.75-acre site, which won original approval in 2020.

Updated site plan for Terrell Town Center with grocery store slated to open in 2028
Updated site plan for Terrell Town Center with grocery store slated to open in 2028Image via MPV Properties

Plans call for retail and medical space from 1,200 to 12,000 square feet, delivering in Q2 2028. The site also includes a planned Chipotle and two additional parcels, plus green space and pedestrian pathways.

Rendering of planned retail storefronts at Terrell Town Center
Rendering of planned retail storefronts at Terrell Town CenterImage via MPV Properties

The center sits less than a mile east of the Publix at The Village Shoppes in Sherrills Ford.

The project file
Open the file ↗
Address
9210 Sherrills Ford Road, Lake Norman of Catawba, NC 28682
Units
0
Sq ft
95,000
Completion
Jun 2028

Every filing, company, change and story we have on this project, approved as of our latest read of the record.

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