CHARLOTTE, Dec. 21, 2022 - JLL Capital Markets announced today that it has completed the $12.75 million sale of New Bern Marketplace, a 59,516-square-foot, value-add shopping center located in New Bern, North Carolina.
JLL marketed the asset on behalf of the seller, Columbia Development Group and Lubert Adler. Evans Best LLC acquired the asset and was represented by Meybohm Commercial.
The 81-percent-occupied property is leased to HomeGoods, Rack Room Shoes, Bath & Body Works, Domino's, Wingstop, Sports Clips and more. The center is shadow anchored by Harris Teeter and sits adjacent to retailers, such as Ross Dress for Less, Hobby Lobby and Academy Sports. With 2.8 million total visits annually, New Bern Marketplace is the fourth most visited center within 30 miles.
Located at 3531 Martin Luther King Jr. Blvd., New Bern Marketplace is positioned along the area's main retail corridor and is passed by approximately 37,500 vehicles per day. The center reaches a trade area of over 20 miles and is just four miles from downtown New Bern. Additionally, the property benefits from its proximity to other high-performing centers, including Rivertowne Square, McCarthy Crossing and New Bern Mall.
The JLL Capital Markets team representing the seller was led by Senior Director Tom Kolarczyk and Senior Managing Director Danny Finkle.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos, and research resources on JLL, please visit our newsroom.
Attachments
Disclaimer
Jones Lang LaSalle Inc. published this content on 21 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2022 09:41:14 UTC.
