Commercial Real Estate

Branch Properties acquires site for Publix Super Markets-Anchored Shopping Center in Fayetteville

By Staff Report, posted 3 months ago
Rendering provided by Branch Properties

Atlanta-based real estate investment and development firm Branch Properties announced today, June 17, that it has acquired 16.7 acres of land in Fayetteville, North Carolina in partnership with Columbia Properties for the development of Rockfish Village, an upcoming Publix Super Markets-anchored shopping center. The 76,237-square-foot center, which is set to break ground early next year, is slated for completion in Q4 2025.

The grocery-anchored development will be located at the signalized intersection of Rockfish Road and King Road. Rockfish Village will include a 48,387-square-foot Publix Super Market and 27,850 square feet of inline retail space for restaurants, service providers and retailers. The property will also include 2.4 acres of outparcels.

“Fayetteville’s growing population and robust retail performance positions it well for this upcoming grocery-anchored development,” said Jesse Shannon, President & CIO at Branch, in a press release. “Rockfish Village will bring a selection of service retailers along with essential shopping and dining. We look forward to building this project with Columbia Properties and will continue to make future milestone announcements as construction begins.”

Rockfish Village is located within two miles of the I-295 beltway expansion connecting to I-95 slated for completion in the next two years. The population of Fayetteville has increased 72 percent between 2000 and 2020. The development sits 10 miles from Fort Liberty, one of the largest military bases in the world serving over 52,000 active personnel.

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Medical Assessment and Readiness System: Womack Army Medical Center hosted MARS system sets a new pace for military clinical research

Dr. Lester Martinez-López, assistant secretary of Defense for Health Affairs, presents Dr. Y. Sammy Choi, and the rest of his Medical Assessment and Readiness System Team, with the Outstanding Research Accomplishment award at the 2024 Military Health


Entrepreneurship as a method: Instilling an entrepreneurial mindset in the next generation of business owners and employees

FTCC has an existing partnership with Maseno University in Kenya and intends to further that collaboration to offerbusiness students additional opportunities for learning through practical experience. Photo by Natasha Brown, FTCC Media Services.Entre


Publisher's note: Let the rates drop

By the time you read this, Jerome Powell, chairman of the Federal Reserve and the rest of the Federal Reserve board will have undoubtedly lowered the federal reserve borrowing rate by at least 25 basis points or a 1/4 percent. Some expect it to be a