REBusinessOnline

Woda Cooper Opens 50-Unit Affordable Seniors Housing Community Near Raleigh

ZEBULON, N.C. — Woda Cooper Cos. has cut the ribbon on Shepard Greene, a 50-unit affordable seniors housing community in Zebulon, approximately 20 miles east of Raleigh. The three-story community features age-in-place features and energy-efficient apartments for residents aged 55 years and older who earn 60 percent or less of the area median income. All units have emergency alert systems and six units are available with features for those with disabilities, such as roll-in showers. Two units …

Ziff Properties Sells 65,112 SF Retail Center in Charlotte

CHARLOTTE, N.C. — Ziff Properties has sold Terraces at University Place, a 65,112-square-foot shopping center in Charlotte’s University neighborhood. The asset was built in 2000 and was 97 percent occupied at the time of the sale to tenants including The Flying Saucer Draught Emporium, Que Onda Tacos, Iron Dish Korean BBQ, The Press Box Bar & Grill and Smoothie King. Tom Kolarczyk of HFF represented the seller in the transaction. LBX Investments acquired the property. Gregg Shapiro and …

FCP, SCP Sell Office Building in Research Triangle Park for $58.1M

MORRISVILLE, N.C. — FCP and Strategic Capital Partners (SCP) have sold Forty540, a 200,000-square-foot, five-story office building in Morrisville. The asset is located at 3030 Slater Road in the Research Triangle Park district. The joint venture acquired the site in November 2015 and delivered the office building in 2017. It was fully leased at the time of the sale. Brad Corsmeier and Ed Pulliam of CBRE | Raleigh represented the sellers in the transaction. Jason High and Ham Southworth also …

Avison Young Negotiates 56,556 SF Headquarters Lease for Automotive Tech Firm in Charlotte

CHARLOTTE, N.C. — Avison Young has negotiated a 56,556-square-foot lease for Transbotics to move its headquarters to 2205 Beltway Blvd. within Westpark85 in Charlotte. The tenant, which specializes in automatic guided vehicles (AGVs), is almost doubling its square footage with the move from its existing facility at 3400 Latrobe Drive in Charlotte. Transbotics expects to move into the space in June when the landlord, Foundry Commercial, completes the interior buildout of the space. Westpark85 …

Insite Properties Negotiates $12.6M Sale of Office Building in Charlotte

CHARLOTTE, N.C. — Insite Properties has arranged the sale of Forest Park 6, a single-story, 70,000-square-foot office building in Charlotte, for $12.6 million. The asset was fully occupied by three tenants — Camso, Paychex and Lending Tree — at the time of the sale. Built in 2000, the property is situated at 8215 Forest Point Blvd. in the south Charlotte airport submarket. Insite Properties represented the buyer, Longvalley II LLC, in the transaction. Rob Cochran, Jared Londry and Nolan …

Branch Properties Acquires Two Grocery-Anchored Shopping Centers for $57M

ROSWELL, GA. AND LELAND, N.C. — Branch Properties has acquired two grocery-anchored shopping centers in the Southeast. The first, Roswell Market Place, is a 95,522-square-foot shopping center anchored by Sprouts Farmers Market. Branch Properties bought the asset for $32 million. The center, which is located at 10800 Alpharetta Highway, 24 miles north of downtown Atlanta, was built in 1986 and renovated two years ago. Roswell Market Place was 88 percent leased at the time of the sale. The …

Tanger Outlets Sells Four Outlet Malls for $130.5M

GREENSBORO, N.C. — Tanger Factory Outlets Center Inc. (NYSE: SKT) has sold four non-core outlet malls for $130.5 million. The four centers are located in Nags Head, N.C.; Ocean City, Md.; Park City, Utah; and Williamsburg, Iowa. The four properties were 95.8 percent occupied at the time of the sale. Greensboro-based Tanger Outlets expects to use $128.7 million of the proceeds to pay off existing debt. Tanger operates 40 outlet malls across 20 states and Canada. The company is planning to …

Blaze Partners Acquires 250-Unit Apartment Community in Charlotte

CHARLOTTE, N.C. — Blaze Partners has acquired The Gibson, a 250-unit apartment community in Charlotte’s Plaza Midwood neighborhood. Delivered in 2015 by Pollack Shores Real Estate, the property offers one-, two- and three-bedroom floor plans. Community amenities include a swimming pool, outdoor recreation area, courtyard with a firepit, grilling stations, fitness studio and a clubhouse. The seller and sales price were not

Mattoni Group Invests $9.3M in Multifamily Development in Charlotte

CHARLOTTE, N.C. — The Mattoni Group has invested $9.3 million in the construction of Middleburg’s Mosby University City, a 309-unit apartment community in Charlotte. The property will comprise six four- and five-story buildings spanning 14 acres. Interior amenities will include Nest Thermostats and Bluetooth keyless entry. Mosby University City will be located about two miles from the University of North Carolina at Charlotte and across from a recently opened LYNX Blue Line light rail stop. …

CBRE Brokers $17M Sale of Office Building in Charlotte

CHARLOTTE, N.C. — CBRE has brokered the $17 million sale of 4100 South Stream Blvd., a 125,265-square-foot, four-story office building that has housed AT&T’s Charlotte headquarters since 2015. The property is located about six miles from Charlotte-Douglas International Airport and downtown Charlotte. Patrick Gildea, Matt Smith and Grayson Hawkins of CBRE represented the seller, Inland Real Estate Group, in the transaction. Praelium Acquisitions bought the

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