Monday, April 21, 2025
Read the Digital Magazines
Subscribe

North Carolina

Grocery-anchoredInvestment salesNewsNorth CarolinaRetailers

Branch Properties Sells Sprouts-Anchored Shopping Center in Greensboro, North Carolina for $38.4 Million

by Alex Tostado

Greensboro, N.C. — Branch Properties LLC has sold Westridge Square, a 182,000-square-foot, Sprouts Farmers Market-anchored retail center in Greensboro, for $38.4 million. Branch Properties has been renovating the property for four years. The renovation included moving Sprouts into a 30,524-square-foot space that Harris Teeter formerly occupied. The seller also reconfigured Kohl’s to a smaller footprint to make room for Planet Fitness. Westridge Square is situated at the intersection of Battleground Avenue and Westridge Road, five miles northwest of downtown Greensboro. Berkley Capital Advisors represented the seller in the transaction. Select-Westridge …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentEntertainmentNewsNorth Carolina

Topgolf to Open Second Charlotte Location on City’s North Side

by Alex Tostado

Charlotte, N.C. — Topgolf Entertainment Group will open its second Topgolf venue in Charlotte by the end of the year. The new location will be dubbed Topgolf North Charlotte and will be situated at the intersection of Interstate 85 and University City, near University of North Carolina-Charlotte, Charlotte Motor Speedway and Northlake Mall. Topgolf North Charlotte will sit on 14 acres and is expected to create 500 jobs. Topgolf opened its first Charlotte venue two years ago at 8024 Savoy Corporate Drive in the southwestern part of the city.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsGrocery-anchoredNewsNorth CarolinaRetailers

Specialty Grocer Earth Fare to Close All Stores and Liquidate Inventory, Files for Chapter 11 Bankruptcy

by Alex Tostado

Asheville, N.C. — Earth Fare, a privately held grocery chain that sells natural and organic products, says it will shutter all of its stores and launch a liquidation inventory sale. The grocer lists 46 stores on its website, the bulk of which are in Florida and its home state of North Carolina. Earth Fare also has five stores in the Midwest and a few others in Alabama, Georgia, Tennessee, Virginia and South Carolina. Earth Fare is also shuttering its corporate office in Asheville. The Wall Street Journal reported that Earth Fare, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsNorth CarolinaRetailers

Progress Realty Acquires Shopping Center in Fayetteville, North Carolina for $36 Million

by Alex Tostado

Fayetteville, N.C. — Progress Realty Partners has acquired Marketfair Shopping Center, a 219,000-square-foot retail property in Fayetteville, for $36 million. The property recently underwent a complete redevelopment and remerchandising, highlighted by the mid-December grand opening of Lidl. The German grocer joins other national tenants such as Planet Fitness, Gander Outdoors and AMC Theatres. Marketfair Shopping Center is located at 1916 Skibo Road, six miles west of downtown Fayetteville. The seller was Westport Capital.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentEntertainmentLeasingNewsNorth CarolinaRetailers

CBL Inks Lease with Dave & Buster’s at Cross Creek Mall in Fayetteville, North Carolina

by Alex Tostado

Fayetteville, N.C. — CBL Properties has unveiled redevelopment plans for Phase I of the former Sears department store within Cross Creek Mall in Fayetteville. New-to-market Dave & Buster’s will occupy and operate the space, which is under construction. Chattanooga, Tenn.-based CBL also says it is looking add restaurants, specialty stores and other uses that will further enhance Cross Creek Mall. The Sears closed in January 2019. The mall is located at 419 Cross Creek Mall, five miles west of downtown Fayetteville. Additional details including the timing of the Dave & …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsNorth CarolinaRetailers

JLL Arranges $30 Million Sale of Wendover Commons Shopping Center in Greensboro, North Carolina

by Alex Tostado

Greensboro, N.C. — JLL has brokered the sale of Wendover Commons, a new 151,016-square-foot retail center in Greensboro. JLL’s Thomas Kolarczyk, Ryan Eklund, Travis Anderson and Cory Fowler represented the seller, Hammerford Development Co. CRS Realty purchased the asset. Although the sales price was not disclosed, Triad Business Journal reports that the shopping center sold for nearly $30 million. Situated on approximately 20 acres at 4526 W. Wendover Ave., Wendover Commons is in the western part of Greensboro between Interstates 73 and 40. Constructed between 2017 and 2018, the property was …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredInvestment salesNewsNorth Carolina

Morgan Cos. Purchases Former Sears Store in Triad’s Holly Hill Mall, Plans Publix-Anchored Shopping Center

by Alex Tostado

Burlington, N.C. — The Morgan Cos. has purchased a former Sears department store at 309 Huffman Mill Road within Holly Hill Mall. Morgan Cos. intends to develop the 9.6-acre site into a shopping center anchored by a 48,387-square-foot Publix grocery store and 13,400 square feet of inline retail space. Prego’s Trattoria restaurant, located on an outparcel, is also part of the purchased property. Morgan Cos. will also develop the former Sears Auto Center outparcel next to Prego’s into a multi-tenant retail building as part of the project. Morgan Cos. plans …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentLeasingNewsNorth CarolinaRetailers

Four Retailers Join Mixed-Use Fenton Development Near Raleigh

by Alex Tostado

Cary, N.C. — Hines, Columbia Development and USAA Real Estate have signed four retailers to join the lineup at Fenton in Cary. Cosmetic retailer Sephora will occupy 4,400 square feet, women’s clothing retailer Free People will occupy 4,000 square feet and Bailey’s Fine Jewelry will occupy 5,000 square feet. CMX CineBistro will join Wegmans as the 69-acre development’s anchor tenants. Construction on Fenton is expected to begin next summer with completion anticipated for fall 2021. Phase I will include approximately 345,000 square feet of retail and entertainment space, 170,000 square …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsNorth CarolinaRetailers

SRS Arranges $5.8 Million Sale of Newly Built Retail Center in Winston-Salem, North Carolina

by Alex Tostado

Winston-Salem, N.C. — SRS Real Estate Partners’ National Net Lease Group has arranged the $5.8 million sale of Shops at Stratford in Winston-Salem on behalf of the seller and developer, Encore Real Estate. The buyer, a locally based private investor, purchased the 13,500-square-foot, multi-tenant retail center in a 1031 exchange. Built in 2018, the property is situated on 1.2 acres and is fully occupied by four tenants including First Watch and Mattress Warehouse. Patrick Nutt and Connor Barton of SRS represented Encore Real Estate, and Steen Spove of Deep River …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsNorth CarolinaRetailers

First Washington Realty Acquires Shopping Center in Raleigh for $21 Million

by Alex Tostado

Raleigh, N.C. — First Washington Realty has acquired Harvest Plaza, a 99,479-square-foot retail center in Raleigh. The seller and sales price were not disclosed, although Triangle Business Journal reports Capital Partners and York Properties sold the property for $21 million. Walgreens and Planet Fitness anchor the retail center, which is located at 9650 Strickland Road, 10 miles north of downtown Raleigh.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts