Cleeman Realty Group is pleased to announce the $3,270,000 off-market sale of Cross Country Village shopping center in Conover, NC. The 49,000 SF center is anchored by a strong performing Food Lion supermarket and is located at the corner intersection of Conover Blvd and Thornburg Drive. The property sits on 6.89 acres and was 86% occupied at closing.
Michael Cleeman and Jacob Baruch represented the seller and buyer in this transaction. The seller was a private investment group based in New York and the buyer was a private investment group based in North Carolina.
“the seller was looking to take advantage of the strong demand in the current Covid market for high volume supermarkets” said Cleeman, “the buyer was attracted to the successful Food Lion and the upside potential of a 6,600 sf vacancy” said Baruch.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. With offices in New York and Florida, the Cleeman Team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at cleeman.com