North Carolina

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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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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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Investment salesNewsNorth Carolina

Simon Acquires 134,000-Square-Foot Phillips Place in Charlotte, North Carolina

by Abby Cox

Charlotte, N.C. — Simon has acquired Phillips Place, a 134,000-square-foot open-air lifestyle center located in the SouthPark neighborhood of Charlotte. The center is home to more than 25 retail shops and restaurants, including alice + olivia, Peter Millar, rag & bone, Ralph Lauren, Veronica Beard, RH Gallery and The Palm, as well as a 180-room hotel and a multifamily residential component. Simon plans to elevate Phillips Place over time through new offerings, fresh merchandising and ongoing investment in the property. Lincoln Harris developed the center in the late 1990s.

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Investment salesNewsNorth Carolina

Legacy Realty Group Closes Sale of 267,775-Square-Foot Shopping Center in Lexington, North Carolina

by Abby Cox

Lexington, N.C. — Legacy Realty Group Advisors has arranged the sale of Lexington Parkway Plaza, a 267,775-square-foot shopping center located in Lexington, approximately 20 miles south of Winston-Salem. Belk, Planet Fitness, Tractor Supply and Ollie’s Bargain Outlet anchor the property. Additional tenants include Dollar Tree, Gabe’s, Hibbett Sports, Cato Fashions, Wingstop, GNC and Jersey Mike’s. Jacob Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the off-market transaction. Will Whitley of New South Properties represented the seller.

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CenterSquare Acquires 45,996-Square-Foot Retail Portfolio Across Three States

by Abby Cox

Conshohocken, Pa. — Conshohocken, Pennsylvania-based CenterSquare has acquired six retail properties totaling 45,996 square feet across three states. The properties are located in Fayetteville and Salisbury in North Carolina; Vero Beach, Fort Myers and Fort Lauderdale in Florida; and Noblesville, Illinois. All but one of the properties are anchored by a Starbucks Coffee drive-thru location. The portfolio is currently 84 percent occupied.

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