REBusinessOnline

CRG Closes $5.2M Sale of Grocery-Anchored Center in Coastal North Carolina

Food Lion anchors Carolina Commons, a 50,400-square-foot retail center in Calabash, N.C.

CALABASH, N.C. — Cleeman Realty Group (CRG) has arranged the $5.2 million sale of Carolina Commons, a 50,400-square-foot, Food Lion-anchored retail center in Calabash, located 28 miles northeast of Myrtle Beach, S.C. Jacob Baruch, David Kaufman and Michael Cleeman of CRG represented the undisclosed buyer and the seller, a group of TIC investors. Carolina Commons was 93 percent leased at the time of sale.

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