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GREENSBORO, N.C. — Owings Mills, Md.-based Black Oak Associates has purchased Hicone Shopping Center, a 90,000-square-foot, grocery-anchored center in Greensboro for $7.2 million. Food Lion and CVS/pharmacy anchor the development, which is located at the intersection of Hicone and Rankin Mill roads, near downtown Greensboro. The property is about 85 percent occupied and includes pad acreage sites for future development. Nancy Cox of NAI Piedmont Triad is the leasing agent for the shopping center. Ed Laycox of West, Lane & Schlanger represented the seller, Hicone Properties LLC, in the transaction. John Hancock Life Insurance Co. provided acquisition financing for the transaction.