CBRE Arranges Sales of Three Grocery-Anchored Centers in Carolinas

Mountain Village (pictured) in Jefferson, North Carolina, is home to Food Lion, Rite Aid, Roses and Family Dollar. Mountain Village (pictured) in Jefferson, North Carolina, is home to Food Lion, Rite Aid, Roses and Family Dollar.

Greensboro, N.C. — CBRE has arranged the sales of three grocery-anchored centers in the Carolinas: Mountain Village in Jefferson, North Carolina; Pine Needle Square in Smithfield, North Carolina; and Westowne Shopping Center in Greenville, South Carolina.

Mike Burkard and Steve Shields of CBRE arranged the transactions on behalf of the seller, Greensboro, North Carolina-based Johnston Properties. The buyers and other terms of the transaction were not disclosed. The 114,385-square-foot Mountain Village was fully leased at the time of sale to Food Lion, Rite Aid, Roses and Family Dollar. The 112,279-square-foot Pine Needle Square was 98 percent leased at the time of sale to tenants including Carlie C’s IGA, AutoZone, Citi Trends, Gallery Furniture and Pizza Hut. Westowne Shopping Center totals 121,839 square feet and was 94 percent leased at the time of sale to tenants including Bi-Lo, Roses Express, AutoZone and Cash America.

More News