Cleeman Realty Group (CRG) is pleased to announce the $5,150,000 sale of Carolina Commons, a Food Lion anchored retail center located in Calabash, North Carolina. The 50,400 SF center sits on 6.1 acres along Ocean Hwy W. The property was 93% occupied at closing with Food Lion on a long term lease.
CRG’s team of Jacob Baruch, David Kaufman and Michael Cleeman represented the buyer and seller in this transaction. The seller was a group of 24 TIC investors which made the transaction more complicated but the teams experience helped to successfully get the deal completed.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in off-market investment sales of retail, multifamily and industrial properties throughout the United States
Michael Cleeman, President
Jacob Baruch, VP
David Kaufman, SVP
Jeremy Scheer, Associate