Commercial Real Estate

Marcus & Millichap brokers sale of Millstone Towne Center

By Staff Report, posted 2 years ago
Photo provided by Marcus & Millichap

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.

Join The Discussion

Similar Stories

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Multi-generational business expertise: How legacies in local businesses find sustained success

Join us Sept. 29 for our third Power Breakfast of 2026 as business leaders share how they leverage decades of institutional wisdom. The Greater Fayetteville Business Journal invites you to join us for our third quarterly Power Breakfast, The Fam


Local expertise: Critical Path Solutions LLC chosen as construction company for Skyeton Manufacturing renovations

The CPS team has started making plans to reinvent the space to meet the needs of the new owners. Considerations are being made for power, water and security needs. Photo taken by Sarah Soucier, shared by Critical Path Solutions. One of the Fayet


Fort Bragg goes nuclear: Antares awarded Army Janus Program agreement to deliver nuclear microreactor power for Army’s energy resilience mission

From left to right: US Secretary of Energy Chris Wright with Antares Co-founder and CEO Jordan Bramble. Photos courtesy of Antares Nuclear, Inc. Antares Nuclear, Inc. recently announced that it has been awarded an Other Transactions Authority ag