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 …
Charlotte, N.C. — Legacy Realty Group Advisors has arranged the sale of Catawba Village, a 56,840-square-foot shopping center located in Charlotte. Food Lion anchors the property. Jacob Baruch of Legacy represented both the buyer and seller in the transaction.
Charlotte, N.C. — CenterSquare has acquired Olde Lancaster Town Center, a 43,044-square-foot retail center located in Charlotte. Tenants at the property, which was fully leased at the time of sale, include My Salon Suites, Aqua Tots, Lee’s Hoagies, Chesterbrook Academy and Eye Level Learning. The new ownership plans to implement improvements at the property including new paint, awnings, LED lights, string lights, patio seating, roofs, updated landscaping and signage enhancements.
Kernersville, N.C. — Legacy Realty Group Advisors has brokered the $17 million sale of Southside Square, a shopping center located in Kernersville. The property totals 80,240 square feet across five buildings. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy represented both the buyer and seller in the transaction.