Cary, N.C. — JLL Capital Markets has facilitated a $191 million mortgage loan for Fenton, a mixed-use development located in Cary, roughly 12 miles west of downtown Raleigh. The property includes 246,000 square feet of retail space, 183,000 square feet of office space and an apartment community — The Allison at Fenton — comprising 367 multifamily units. Chip Sykes and Kelsey Bawcombe of JLL secured the loan on behalf of the borrower, a partnership between Hines, Affinius Capital and Columbia Development. New York Life Real Estate Investors provided the mortgage financing.
Rolesville, N.C. — Crosland Southeast and Core Sound Development has signed 11 new tenants to Wallbrook, an 80-acre mixed-use development located in Rolesville, roughly 17 miles northwest of Raleigh. Publix will anchor the property, which is scheduled to open its initial phase in mid-2025. The developers have pre-leased 21,000 square feet to tenants including restaurants, a dental practice, hair salon, massage parlor and Pilates gym. Additionally, Fifth Third Bank has signed a ground lease at the development outparcel. Approximately 9,000 square feet of space is still available for lease at …
Charlotte, N.C. — The Shopping Center Group (TSCG) has brokered the $16.9 million sale of York Ridge Shopping Center in Charlotte. Built in 1999, the 71,406-square-foot retail center was fully leased at the time of sale. Crunch Fitness anchors the property. TSCG represented the undisclosed seller in the transaction, and Ascent Real Estate Partners represented the private buyer.
Henderson, N.C. — Variety Wholesalers Inc. has announced plans to acquire between 200 and 400 Big Lots stores, in the midst of the retailer’s bankruptcy proceedings. North Carolina-based Variety Wholesalers will acquire the stores, which it will operate under the Big Lots brand, through Gordon Brothers Retail Partners. Gordon Brothers has entered into a sale transaction with Big Lots that will enable the transfer of assets — including stores, distribution centers and intellectual property — to other retailers and companies, including Variety Wholesalers. Big Lots first filed for Chapter 11 bankruptcy …
Albemarle, N.C. — Legacy Realty Group Advisors has brokered the $19 million sale of Shops at Olive Place, a shopping center located in Albemarle. Tenants at the property, which totals 157,400 square feet, include Hobby Lobby, T.J. Maxx, Ross Dress for Less, Kay Jewelers and Mattress Firm. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the off-market transaction.
Reidsville, N.C. — First National Realty Partners (FNRP) has acquired Freeway Crossing, an 88,647-square-foot shopping center located in Reidsville. A 39,708-square-foot Lowes Foods anchors the property. Other tenants at the center include Dollar Tree, Hibbett Sports, CATO, Workout Anytime and Papa Johns. Addison Montague of Berkley Capital Advisors represented the undisclosed seller in the transaction. This marks FNRP’s third acquisition in North Carolina.
Burgaw, N.C. — Legacy Realty Group Advisors has brokered the $6 million sale of Pender Landing, a 59,122-square-foot shopping center located in Burgaw. Food Lion anchors the property. Other tenants at the center include Subway, MeMa’s Chick’n & Ribs, Southern Real Estate Co., Silhouette Salon and a martial arts studio. Jacob Baruch of Legacy represented both the buyer and seller in the off-market transaction.
Cary, N.C. — Legacy Realty Group Advisors has arranged the sale of Hemlock Plaza, a 54,803-square-foot shopping center located in Cary. Jacob Baruch, Daniel Baruch and Max Yardeni of Legacy represented the buyer in the transaction. Daniel Walser and David Divine of APG Advisors represented the seller.
Charlotte, N.C. — CenterSquare has acquired Riverbend Village Shops, an 18,550-square-foot retail center located in Charlotte. Comprising four buildings, the development marks the final phase of Riverbend Village, a master-planned community totaling 62,000 square feet. Tenants at the property include First Watch, Jeremiah’s Italian Ice, GoHealth Urgent Care, Vitamin Shoppe, Nana Morrison’s and Nothing Bundt Cake.
Durham, N.C. — Crosland Southeast has broken ground on Latta Park, a mixed-use project located on the north end of Durham. The first phase spans 10 acres and will include a 42,240-square-foot Publix grocery store and 12,580 square feet of additional retail space. Phase I will also comprise a food truck terrace, walking trails, green space and public art installations. Chip Lanier and Jenn Olevitch-Roberson of Lee & Associates will oversee retail leasing at Latta Park, which is scheduled for a spring 2026 completion. The developer is investing $2 million in …
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