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Adjacent shopping centers in Indian Trail acquired by separate firms

A pair of adjacent shopping centers in Indian Trail sold to different companies at the end of 2021. Sun Valley Commons, at 6751 Old Monroe Road, sold to Fortune Sun Valley LLC for $5.2 million on Dec. 28, according to Union County real estate records.


Health and Wellness Company in Raleigh Buys Former 02 Fitness Site for $3.8M, Plans to Fill Space

A more than 20,000-square-foot former fitness facility in North Raleigh has sold for $3.8 million. The property at Courtyard at Falls Valley, 1920 Falls Valley Dr., where Raleigh-based chain 02 Fitness was previously located was recently purchased, the Raleigh office of Marcus & Millichap (NYSE: MMI) announced.  The single-story, 23,789-square-foot building is situated near Falls […]


IPA Arranges Sale of 83,391 SF Abbotts Bridge Station Shopping Center in Johns Creek, Georgia

JOHNS CREEK, GA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Abbotts Bridge Station, an 83,391-square-foot, H-Mart-anchored shopping center in the Atlanta suburb of Johns Creek. Zach Taylor and Andrew Margulies of IPA brokered the sale. Westwood Financial sold the property for $18.9 million. The buyer was […]


Pyramid Place Shopping Center Changes Hands for $10.6M

South Carolina-based Ziff Properties has sold the sprawling Pyramid Place Shoppes plaza for 10.6 million, less than five years after it purchased the northwest-side shopping center for $6.5 million. Pyramid Place LLC, an affiliate of Northbrook, Illinois-based Cloverleaf Group, purchased the 52,184-square-foot retail center in a deal that closed July 28. Brokers Jordan Klink and […]


Nova Capital Partners buys 255K SF retail center in Fayetteville for $16.5M

A commercial real estate investor with offices in Raleigh and Charlotte has joined the trend of buying grocery-anchored shopping centers that have stayed afloat amid the pandemic. Nova Capital Partners has purchased Sycamore Square at 3308 Bragg Blvd. in Fayetteville for $16.5 million. Food Lion anchors the 255,776-square-foot property and is one of 39 tenants […]


Marcus & Millichap Arranges $15.7M Sale of Walmart-Anchored Shopping Center Near Birmingham

REBUSINESS ONLINE – Marcus & Millichap has arranged the $15.7 million sale of Payton Park, a 231,820- square-foot retail center in Sylacauga. Walmart Supercenter anchors the property, which also includes tenants such as Burkes Outlet, CATO, Shoe Show and Sally Beauty. The center is located at 41301 U.S. Highway 280, 45 miles southwest of downtown […]


Anderson Shopping Center Sells for $1.225 Million

BUSINESS MAGAZINE GREENVILLE – Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of North Main Street Shopping Center, a 8,000-square foot retail property located in Anderson.


RealOp Investments sells Columbia’s Parklane Centre

RealOp Investments recently sold Parklane Centre for $4.16 million to SF Partners LLC out of Miami. The 47,810 square-foot office park sits on 5.25 aces in a prime area of Columbia located on Parklane Road between I-20 and I-77. It was built in 1988 and renovated in 2005. The building is about 95 percent leased […]


Marcus & Millichap Secures $17.1M Sale of Shopping Center in Durham

REBUSINESS ONLINE — Marcus & Millichap has brokered the $17.1 million sale of Homestead Market, a 164,200-square-foot shopping center in Durham. Andrew Margulies of Marcus & Millichap represented the seller, a Raleigh-Durham-based family partnership, in…


Shopping center with vacant former Harris Teeter in Durham sold for $17M

TRIANGLE BUSINESS JOURNAL – A Florida real estate investment firm with strong ties to the Triangle has acquired the Homestead Market shopping center in south Durham for $17.1 million with the intention of finding a new tenant to fill the old Harris Teeter space.


Why This Vertical Neighborhood Is Leading The Trend

FORBES – Travel to even a few major cities in America, and you’ll see explosive real estate development in a variety of neighborhoods. Much of the surge is allegedly attributed to Millennials, their desires, values, and lifestyle. According to one article, 23 out of 25 country’s largest cities are seeing growth specifically due college-educated adults […]


Two Food Lion Shopping Centers Sold As Retail Returns To Favor

TRIANGLE BUSINESS JOURNAL – In Clayton, the Clayton Village shopping center near the intersection of U.S. 70 and N.C. 42 was sold to a new investor for nearly $5.5 million. The 61,620-square-foot Clayton center was 92 percent leased at the time of the deal. The buyer is an affiliate of Midland Atlantic Properties in Cincinnati, […]


Summerville retail building sold for $5.2M

GSA BUSINESS – A seven-tenant retail building across from the Azalea Square Shopping Center in Summerville was recently sold for $5.2 million, according to the real estate firm that represented the seller. The Shoppes at Azalea, a nearly 12,000-square-foot building, was fully leased to Moe’s Southwest Grill,Chicken Salad Chick, Great Clips, UltraSkin, TCBY,Which Wich and […]


SC Sale Reflects National Investor Trend

GLOBEST.COM – The sale of a well-positioned 100% leased shopping center here highlights a number of prevailing national trends in the retail sales market, one being the significant investor interest the asset generated. Marcus & Millichap says more than a dozen investors competed for a two-tenant retail building here totaling 8,700-square feet. Raj Ravi, regional […]


Shoppes at Bedford in Raleigh Sold to Durham Investment Group

TRIANGLE BUSINESS JOURNAL – Local real estate investor Jeffery Smith of Cary has sold the Shoppes at Bedford retail center on Falls River Avenue in north Raleigh for $3.15 million. The buyer was an investment group led by Andrew Widmark of Mark Properties in Durham, according to deed records. The 29,074-square-foot shopping center was 96 […]


Kanki Shopping Center Sold to South Carolina Investor

TRIANGLE BUSINESS JOURNAL – A South Carolina investment firm has snapped up the North Market Square neighborhood retail center that’s been open in north Raleigh for more than 25 years. An affiliate of South Coast Commercial LLC of Bluffton, S.C., paid $3.5 million for the retail center, according to Wake County records. The seller was […]


Lake Wylie Plaza Sells for More than $3.1M

LAKE WYLIE PILOT – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, announces the sale of Lake Wylie Plaza, a 77,265 square foot retail property located on Charlotte Highway, said Bryn D. Merrey, regional manager of the firm’s Raleigh office. It sold for $3,174,559. Andrew Margulies, an investment […]