NGKF Capital Markets negotiated the sale of the 82,262-square-foot Southpark Village neighborhood retail center at 324 Village Walk Drive in Holly Springs, N.C., a suburb of Raleigh.
NGKF’s Whitney Knoll, an Atlanta-based senior managing director, said Aurora, Ohio-based Optimus One, LLC paid $11 million to acquire the property from SouthPark Village Investments I, LLC. Built in 2008, Southpark Village is currently 98 percent occupied.
“Optimus One was a great match for this property and Southpark Village has a great future,” stated Mr. Knoll. “The Holly Springs and Raleigh MSA is experiencing tremendous growth, and the center is poised to do well with a strong anchor tenant in Harris Teeter, a dynamic, forward-thinking retailer that ranks as the 25th largest supermarket in the U.S.”
NGKF’s Mark Hillis and Jason Archer negotiated the sale with Mr. Knoll.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.