Cleeman Realty Group arranges the sale of Wendell Crossing in Raleigh, NC
Cleeman Realty Group (CRG) is pleased to announce the $4,970,000 sale of a Food Lion anchored shopping center on Wendell Blvd in Raleigh, NC. The shopping center is made up of 50,000 SF of leasable space on a 5.32 acre lot. At the time of sale, the center was 87% occupied.
Jacob Baruch of Cleeman Realty Group, represented both the buyer and seller in the off-market transaction.
“the buyer was attracted to Food Lion’s strong sales volume and the immediate upside potential through leasing up a 6,540 SF vacancy” said Baruch. The seller was looking to sell this asset in order to buy an asset closer to home, which Jacob Baruch was able to locate for him in Vladese, NC.
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. 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 www.cleeman.com