Archive for Salisbury

Feb
19

Salisbury Retail Shops Sold by Berkeley Capital

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wallace shopsBerkeley Capital Advisors has announced the sale of Wallace Commons Small Shops in Salisbury, North Carolina.  The shops are located right off I-85 and shadow anchored by the newly built Wallace Commons, featuring a Belk, Kohl’s, Hibbett Sports, Olive Garden, and Longhorn Steakhouse.

The shops are newly constructed and are 100% occupied by nationally recognized, credit tenants FastMed and Sleepy’s with new 7 and 10 year lease terms. The sales price was not disclosed, but according to Loopnet, the asking cap rate was 6.5%.

David Webb, Rob Carter, and Alex Quarrier of Berkeley Capital Advisors represented the Seller of this transaction

Categories : Salisbury
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Apr
30

JLL Announces Recent Industrial Transactions

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JLL’s Carolinas Industrial team has announced these recently completed transactions:

  • Masonite has renewed its lease of 220,264 square feet at 7300 Reames Road in Charlotte, NC. JLL represented the landlord, Invesco.
  • Casual Cushion has purchased 181,500 square feet at 500 Linkwood Road in Rock Hill, SC from Silagi Development. JLL represented the buyer.
  • Rack Room Shoes has sold 120,000 square feet at 175 Circle M Drive in Salisbury, NC to First Industrial, B&L, LLC. JLL represented the seller.
  • Deli Management has leased 104,112 square feet at 11519 Nations Ford Road in Charlotte, NC. JLL represented the landlord, Invesco.
  • CEVA has renewed its lease of 96,180 square feet in the Charlotte Distribution Center at 1816 WestPointe Drive, Charlotte, NC. JLL represented the landlord, Prologis.
  • F Schumacher has leased 72,500 square feet in Catawba Distribution Center at 1966 West Highway 160, Fort Mill, SC. JLL represented the previous landlord and the tenant.
  • Tom and Jo Claire Dulin has sold 60,000 square feet to RAL Industries at 1320 Camp Creek Road in Lancaster, SC. JLL represented the seller.
  • Coca-Cola Bottling Co. Consolidated purchased 38 acres of land located at Highway 86 in Piedmont, SC from Peter Vance King. JLL represented the buyer.

 

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Mar
06

Salisbury’s Wallace Commons Shopping Center Sold

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Berkeley Capital Advisors has announced the sale of Wallace Commons, a 110,928 SF retail center located at 1311 Klumac Road in Salisbury, North Carolina. Anchor tenants include Belk, Michael’s, Ulta, and Shoe Carnival. The center has excellent regional access and tremendous visibility to I-85, which carries over 68,000 vehicles per day.

Rob Carter, Alex Quarrier and David Webb of Berkeley Capital Advisors arranged the transaction.

Categories : Salisbury
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