Cary, N.C. — Paragon Theaters is set to reopen the company’s theater and dine-in cinema at Parkside Town Commons following renovations. The property is located at 1140 Parkside Main St. in Cary, about 12 miles from Raleigh. Renovations to the theater include the addition of zero-gravity, electronically-operated recliners with footrests; box VIP areas in each movie auditorium; full-service mobile ordering for in-theater dining; a kitchen and bar with food and cocktails; 16 bowling lanes; and an arcade. The remodeled property will also include an auditorium with a 66-foot-wide screen tilted …
Cary, N.C. — Hines and Columbia Development have signed four new tenants at Fenton, a 69-acre mixed-use project currently under construction in Cary. Vestique, Southern Tide, Archer Paper Goods and Club Pilates will open at the mixed-use property in April 2022. Vestique, a women’s clothing boutique, will open a 2,165-square-foot store; Southern Tide will open within a 1,726-square-foot space; Archer Paper Goods will open a 1,748-square-foot store; and Club Pilates will open a 1,845-square-foot studio. With the addition of these four new tenants, nearly 90 percent of the retail portion …
Durham, N.C. — Newmark has secured $65.5 million in refinancing for University Hill, a mixed-use property in Durham with multifamily, retail and art uses. Josh Davis, Chris Caison and C.J. Webb of Newmark’s Debt and Structured Finance team secured the bridge financing on behalf of the project’s developer, Shoff Allison with Hawthorne Residential Partners, and Drake Real Estate Partners. Pacific Life Insurance Co. provided the financing, which included a floating rate loan with an initial term of three years and two, one-year extension options. Completed in 2020, University Hill offers …
Salisbury, N.C. — Food Lion has remodeled 87 stores across Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia for $127 million. The company’s recently unveiled new format offers a wider variety and assortment of goods across all departments; a greater number of natural, gluten-free and organic items; a larger variety of local craft beer and limited reserve wines; a bigger selection of easy and affordable meals for families; a wider variety of grab-and-go items and pre-sliced deli meats and cheeses; a larger selection of fresh produce and meat; a …
Charlotte, N.C. — Franklin Street has arranged the sale of Riverbend Village, a 31,721-square-foot retail property in northwest Charlotte. Bryan Belk and John Tennant of Franklin Street represented the sellers, Simpson Commercial and Landmark Development, in the transaction. CenterSquare Investment Management acquired the property for an undisclosed price. Built in 2019, Riverbend Village features tenants including AT&T, Chicken Salad Chick, Great Clips, Heartland Dental, Jersey Mike’s Subs and Red Wing Shoes. The property has eight end caps that provide patio seating for restaurant tenants.
Concord, N.C. — Lowes Foods has signed a lease to anchor Christenbury Village, a planned mixed-use development in Concord. Christenbury Investors — an entity affiliated with MPV Properties and Mission Properties — is the developer of the 17-acre project. Lowes Foods will occupy a 52,000-square-foot space within the development, which is set to include two mixed-use buildings featuring approximately 150 multifamily units and about 26,000 square feet of retail space, alongside a 24,000-square-foot medical office building. The developer plans to break ground on Phase I of the project in the …
Marcus & Millichap Brokers Sale of 152,030-Square-Foot Shopping Center in Greensboro, North Carolina
Greensboro, N.C. — Marcus & Millichap has brokered the sale of West Market Shopping Center, a 152,030-square-foot, Food Lion-anchored retail property in Greensboro. The property sold for $9.1 million. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was not disclosed. Built in 1963, West Market Shopping Center is located at 4637-4653 W. Market St. The property’s tenant roster includes Cato, Strength & Body and Reconsidered Goods.
Durham, N.C. — White Point Partners has unveiled plans for a 125,000-square-foot mixed-use development in Durham called Horseshoe at Hub RTP. The mixed-use building is part of a larger 100-acre development, Hub RTP, which will be constructed in two phases. Horseshoe at Hub RTP will feature approximately 25,000 square feet of retail space surrounding an outdoor plaza. Upon completion, the project in full will deliver up to 1 million square feet of Class A office space; 200,000 square feet of lab and office space; 75,000 square feet of retail and …
Pittsboro, N.C. — Developer ECO Group has signed leases for 18 new tenants at MOSAIC at Chatham Park, a 44-acre, $180 million entertainment and lifestyle destination underway at Highway 501 and Russet Run Road in Pittsboro, about 34 miles from Raleigh. With the addition of the new tenants, 96 percent of MOSAIC’s retail space completed or under construction is now leased. New restaurant tenants joining the project include Hops and Berry, a 5,000-square-foot self-serve tap house and restaurant; O’Ya Cantina, a 1,500-square-foot Latin eatery; Jersey Mike’s Subs in a 2,385-square-foot …
Cary, N.C. — CBRE has arranged the sale of Amberly Place, a 77,675-square-foot Publix-anchored shopping center located at 10225 Green Level Church Road in Cary. Dennis Carson, Casey Rosen and Mike Burkard of CBRE represented the seller, The Sembler Co. KPR Centers purchased the property for an undisclosed amount.