Klein Enterprises Purchases 140,000-Square-Foot Shopping Center in North Carolina

by Hayden Spiess

Southern Shores, N.C. —Klein Enterprises has purchased Southern Shores Marketplace, a 140,000-square-foot shopping center located in Southern Shores. Food Lion anchors the property. Other tenants include Starbucks Coffee, Verizon Wireless, CVS/pharmacy, Jersey Mike’s, OBX Optical and Coastal Rehabilitation. The seller, Aston Properties, recently redeveloped the shopping center and executed new leases with Marshalls, Rack Room Shoes and Five Below. An affiliate of Klein Enterprises purchased the property for an undisclosed price using acquisition financing from TD Bank. Berkeley Capital Advisors brokered the transaction.

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