North Carolina

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Carolina Commercial Invests $18 Million to Renovate Biggs Park Mall in Southeastern North Carolina

by Abby Cox

Lumberton, N.C. — Carolina Commercial has broken ground on an $18 million renovation of Biggs Park Mall, a 250,000-square-foot shopping center located in Lumberton, roughly 32 miles south of Fayetteville. In addition to leading the redevelopment, the firm will oversee leasing, asset management and all future daily operations for the property. The redevelopment includes a curated tenant mix and physical upgrades. New retail tenants include T.J. Maxx, Burlington and Five Below, along with several new restaurants. Carolina Commercial is also negotiating new lease extensions with existing retailers Shoe Show, Tomlinson’s, Bath …

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Lucern Capital Partners Acquires Marathea Plaza in Mooresville, North Carolina, for $6.3 Million

by Abby Cox

Mooresville, N.C. — Red Bank, New Jersey-based Lucern Capital Partners has acquired Marathea Plaza, a 33,600-square-foot retail center located at 2785 Charlotte Highway in Mooresville, for $6.3 million. Tenants at the center include Papa John’s Pizza, Jackson Hewitt, Huang’s Chef and Bambini Italian Restaurant. The property spans roughly 4.5 acres.

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DevelopmentLeasingMixed-useNewsNorth Carolina

Ram Realty Signs Five New Retail, Restaurant Tenants at University Place in Chapel Hill, North Carolina

by Abby Cox

Chapel Hill, N.C. — Ram Realty Advisors has signed leases with five new retail and restaurant tenants at University Place, a 410,000-square-foot mixed-use lifestyle center under development in Chapel Hill, roughly 30 miles east of Raleigh. H&H Bagels, VEG Emergency Vet and luxury wellness studio SWTHZ are already open at the center. Meanwhile, Barnes & Noble will open a 19,734-square-foot store in the fourth quarter of 2026, and Bliss Nail Spa will open a 1,695-square-foot salon in the second quarter of 2026. Owned and developed by Ram Realty Advisors, University Place …

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Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Arranges Sale of Whistle Stop Square Near Rockingham, North Carolina

by Abby Cox

Hamlet, N.C. — Legacy Realty Group Advisors has arranged the sale of Whistle Stop Square, a 40,120-square-foot, grocery-anchored shopping center located in Hamlet, roughly six miles southeast of the Rockingham. Tenants at the center include Food Lion, Mr. Furniture Outlet, K&D Nails, King Gourmet and Mo’s Tobacco & Vapor, according to Showcase. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented the buyer, while David Zipparo of Avison Young represented the seller in the off-market transaction.

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Investment salesNewsNorth Carolina

CenterSquare Acquires Shoppes at Indian Trail Near Charlotte, North Carolina                   

by Abby Cox

Indian Trail, N.C. — CenterSquare has acquired Shoppes at Indian Trail, a 33,129-square-foot retail property located in Indian Trail, approximately 15 miles southeast of Charlotte. The center was fully leased at the time of sale to 15 tenants including The UPS Store, Tropical Smoothie Café, Firehouse Subs and Sports Clips. This transaction marks CenterSquare’s ninth acquisition in North Carolina.

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Company newsNewsNorth Carolina

Jamestown Joins Ownership Group at 76-Acre Camp North End Campus in Charlotte

by Abby Cox

Charlotte, N.C. — Jamestown has partnered with existing ownership to recapitalize Camp North End, a 76-acre mixed-use redevelopment project located just north of Charlotte’s Uptown district. The Atlanta-based developer and operator will serve as general partner and lead asset management, leasing, marketing, architecture and development firm for the new joint venture ownership structure. ATCO Properties & Management will remain a partner in the overall development, while Shorenstein Investment Advisors will continue as a partner with Jamestown and ATCO in a portion of the project. Jared Londry of PointBlank Ventures represented …

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Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Brokers Sale of Grocery-Anchored Shopping Center in Monroe, North Carolina

by Abby Cox

Monroe, N.C. — Legacy Realty Group Advisors has brokered the sale of Sunset Plaza, a 58,477-square-foot shopping center located in Monroe, approximately 30 miles southeast of Charlotte. Food Lion anchors the property, which features a mix of additional tenants including Family Dollar, Monster Mini Golf and Monroe Family Pharmacy. Built in 1976 and renovated in 2023, Sunset Plaza sits on nearly 5 acres. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented both the buyer and seller in the transaction.

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Grocery-anchoredInvestment salesNewsNorth Carolina

Cleeman Realty Brokers Sale of Grocery-Anchored Shopping Center in King, North Carolina

by Abby Cox

King, N.C. — Cleeman Realty Group has brokered the sale of Mountain View Plaza, a 44,000-square-foot shopping center in King, roughly 16 miles northwest of Winston-Salem. Food Lion has anchored the 9.9-acre property since 2005. Other tenants include a Mexican restaurant, hibachi restaurant, barbershop, nail salon and a pet groomer. The seller, an unnamed family ownership group, sold the property to a group of private investors completing a 1031 exchange. Jeremy Scheer and Sara Shulman of Cleeman Realty represented both the buyer and the seller in the transaction. The sales …

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Grocery-anchoredInvestment salesNewsNorth Carolina

Sigmund Cos. Acquires 84,373-Square-Foot Grocery-Anchored Center in Cary, North Carolina

by Abby Cox

Cary, N.C. — The Sigmund Cos. (TSC) has acquired Millpond Village, an 84,373-square-foot grocery-anchored center located in Cary, a suburb of Raleigh. TSC will operate the property as part of a joint venture with a Washington, D.C.-based institutional partner. Anchored by Publix, Millpond Village features other national tenants such as Dollar General and Starbucks. Berkeley Capital Advisors represented the seller in the transaction. CBRE will handle leasing at the center, while Cushman & Wakefield will provide management services.

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Partnership Acquires Multi-State Shopping Center Portfolio for $429 Million

by Abby Cox

Elmsford and New York City, N.Y. — DLC, in partnership with a fund managed by DRA Advisors, has acquired a multi-state shopping center portfolio in an off-market transaction for $429 million. Totaling 2.1 million square feet, the portfolio comprises eight shopping centers across five states. The seller was not disclosed. The properties include Central Texas Marketplace in Waco, Texas; Portofino Shopping Center in the Houston suburb of Shenandoah; Watauga Pavilion in the Dallas suburb of Watauga; Shops at Park Place in Plano, Texas; Pavilion at King’s Grant in the northeast Charlotte …

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