Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, recently announced the sale of Millstone Towne Center, a 40,000-square-foot shopping center located in Hope Mills, North Carolina. The property sold for an undisclosed price.
Donald Gilchrist and Nathan McElroy, investment specialists in the firm’s Raleigh office, had the exclusive listing to market the property on behalf of the seller. The buyer, a small investment fund out of North Carolina, was represented by Greg Marks of Triland Properties.
“It was a swift and efficient closing after a long negotiation period, but the owner was pleased with the sale and the representation,” said Gilchrist in a press release. “I appreciate the patience of the seller and the very efficient legal team.”
Millstone Towne Center is located at 3350-3351 South Peak Drive in Hope Mills. The property serves as the retail portion of a planned commercial development that includes residential and multifamily properties. Constructed in 2008, the center is 92 percent occupied and features both local and national tenants.
The Greater Fayetteville Business Journal is proud to announce our fourth annual Health Care Heroes event! We are excited to join together with some of the region’s core health care institutions and providers and honor our local h
The Greater Fayetteville Business Journal is proud to present the fourth-ever Lifetime Achievement Award to Dr. Matthew Harmody.
Photo by Samantha MethenyThe Flower Bar is Fayetteville’s first experiential craft and cocktail lounge. Located at 719 Sterling St. in Fayetteville, N.C., The Flower Bar is scheduled to open this December. Co-owners Johanna Brumm and Dennis Bonnema a
