COLE ACQUIRES $4.6M GROCERY STORE IN SALEM

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SALEM, N.C. — COLE Capital has acquired a 21,018-square-foot grocery store in Salem, which will be occupied by The Fresh Market, for $4.6 million. The property is part of the Mount Tabor Place Development near Wake Forest University. Sean Patrick and Jason Powell of Ackerman & Co. represented the seller, Mount Tabor Place II LLC, in the transaction.

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