Apr
16

Fayetteville Shopping Center Sold

By

Berkeley Capital Advisors is pleased to announce the sale of Traemoor Village, a 76,325 SF retail center located in Hope Mills (Fayetteville MSA), North Carolina. The Center is anchored by Harris Teeter. Rob Carter, Alex Quarrier and David Webb of Berkeley Capital Advisors arranged the transaction.

Built in 2012, the center was 92% occupied at the time of sale. Harris Teeter occupies 53,365 square feet.

Todd Crouse, senior vice president and senior director of NorthMarq’s Raleigh regional office, arranged the acquisition financing based on a 10-year term and a 20-year amortization schedule. The loan was arranged for the borrower by NorthMarq through its relationship with a correspondent life company lender.

 

Be Sociable, Share!
    Categories : Fayetteville

    Comments are closed.