North Carolina

Fayetteville, N.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $83 million sale of Freedom Town Center, a 350,800-square-foot shopping center in Fayetteville.  Built in 2017, the property was almost fully leased at the time of sale to tenants such as Sprouts Farmers Market, Dick’s Sporting Goods, Hobby Lobby, Field & Stream, HomeGoods, Burkes Outlet, Petco, buybuy Baby, DSW, World Market, Five Below, Osh Kosh B’Gosh and Five Guys.  Triple Net Group sold Freedom Town Center to an unnamed investment group in a 1031 …

High Point, N.C. — Marcus & Millichap has arranged the sale of a Goodwill-occupied property located at 2012 North Main St. in High Point. The 11,480-square-foot net-leased property was sold for $3.4 million. Dominic Sulo and Benjamin Bach of Marcus & Millichap represented the seller, a California-based limited liability company, in the transaction. Ben Yelm, North Carolina Broker of Record, assisted in closing this transaction.

Cary, N.C. — JLL Capital Markets has arranged the sale of Twin Lakes Center, a multi-tenant shopping center in Cary, about 16 miles from Raleigh. Thomas Kolarczyk and Ryan Eklund of JLL represented the seller, Leyland Alliance. Dallas-based L&B Realty Advisors acquired the Wegmans-anchored property on behalf of an institutional client. Built in 2020, Twin Lakes Center was fully leased at the time of sale to tenants including Hollywood Feed, Great Clips, Mezeh Mediterranean Grill, Premier Martial Arts, PM Pediatrics, Paris Nail Bar, Bul Box and Gulli Boys. The center …

Monroe, N.C. — Irgang Group has acquired Poplin Place, a 196,462-square-foot regional shopping center in Monroe, about 21 miles from Charlotte. Ben Bruner of the Bruner Group represented Irgang Group on the transaction. Thomas Kolarczyk, Danny Finkle and Eric Williams of JLL Capital Markets represented the seller, Big V Property Group. Built in 2005, Poplin Place is fully occupied by an anchor tenant lineup that includes T.J. Maxx, Ross Dress for Less, PetSmart, Burlington, Big Lots and pOpshelf, along with a Target shadow anchor. Poplin Place also features tenants including …

Fayetteville, N.C. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of Freedom Town Center, a 350,838-square-foot shopping center in Fayetteville. The seller, an entity doing business as NC Fayetteville Skibo LLC, sold the property for $72.5 million to an undisclosed buyer. Kyle Stonis, Pierce Mayson and Boris Shilkrot of SRS’ Atlanta office represented the buyer in the transaction. Tyson Glasser of RealtyLink represented the seller. Built in 2017, Freedom Town Center was 99.7 percent leased at the time of sale to tenants including Field & Stream, …