NEWS RELEASE: Cape Fear Commercial Brokers Sale Of Shopping Center Portfolio
Jun 5, 2017
Wilmington, N.C. – June 5, 2017 – Commercial real estate firm Cape Fear Commercial is pleased to announce the $9.54 million sale of two Food Lion Shopping Centers in the local region.
The portfolio sale consisted of Masonboro Commons, located at 6400 Carolina Beach Road in Wilmington, and Hampstead Station, which is situated at the corner of U.S. Highway 17 and N.C. 210 in Hampstead. Both centers are 100 percent occupied and anchored by Food Lion.
Bryce Morrison and Paul S. Loukas, CCIM, of Cape Fear Commercial represented the Buyer in the transaction.
“Both centers are in expanding submarkets along major corridors that we believe are well positioned for long term growth and stability,” said Morrison. “We are very bullish in the retail growth in both Hampstead and southern New Hanover County with the amount of current and planned rooftops being constructed in both areas.”
Cape Fear Commercial has retained management for both shopping centers.
About Cape Fear Commercial
Founded in 2001, Cape Fear Commercial, LLC is a full service commercial real estate advisory firm based in Wilmington, North Carolina. The firm offers brokerage, property management and development services. For more information about the company, visit www.capefearcommercial.com.