North Carolina

Hope Mills, N.C. — Marcus & Millichap has brokered the sale of Millstone Towne Center, a 40,000-square-foot retail center located in Hope Mills. Built in 2008, the property was 92 percent leased at the time of sale. Donald Gilchrist and Nathan McElroy of Marcus & Millichap represented the seller in the transaction. Greg Marks of Triland Properties represented the buyer. 

Greensboro, N.C. — Legacy Realty Group Advisors has brokered the sale of a two-tenant retail center located in Greensboro. Papa John’s and ACE Cash Express occupy the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction. 

Asheville, N.C. — Tanger has purchased Asheville Outlets, a 382,000-square-foot retail development located in Asheville. Sportsman’s Warehouse and a separately owned Dillard’s Clearance Center anchor the property, which was 95 percent leased at the time of sale. Other tenants include Nike, Under Armour, RH, Bath & Body Works, Crate & Barrel and West Elm. Tanger acquired the outlet mall from New England Development for $70 million. This property marks Tanger’s 38th outlet mall and the second addition to its holdings this quarter, following the opening of Tanger Outlets Nashville last month. New …

Brevard, N.C. — Northmarq’s Atlanta office has brokered the $4.3 million sale of Shoppes at Brevard Place, a retail property located in Brevard, roughly 30 miles southwest of Asheville. Built in 2020, the property totals 11,801 square feet. Tenants at the center, which was 76 percent occupied at the time of sale, include Starbucks Coffee, Jersey Mike’s, Salsarita’s, Mommy & Me and AT&T.  Billy Benedict of Northmarq represented both the buyer and seller, GL Brevard Shoppers and Brevard Partners of Tennessee, in the transaction.