May
28

Hillsborough, NC Retail Center Sold

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Ziff Properties, Inc.  has purchased the 38,253 square foot small-shop retail portion of the Hampton Pointe development located at 525 Hampton Pointe Blvd in Hillsborough, NC. The purchase price for this 81% occupied asset was $6 million and the sale also included a pad for up to 35,000 sf future retail development. The class A retail shops are shadow-anchored by both Walmart Supercenter and Home Depot. Tribek Properties, the seller and master developer of Hampton Pointe, began incrementally developing the property in 2004. Hampton Pointe is located directly off the I-85 and Highway 86 and boasts an impressive list of national tenants including Sally Beauty Supply, Great Clips, Papa John’s Pizza, Verizon Wireless, Boost Mobile, and Subway.

Ziff Properties was self-represented by Christian Chamblee and Michael Pigg with Andrew Margulies of Marcus & Millichap representing the seller.

 

Categories : Durham

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