Newmark Grubb Knight Frank's Southeast Capital Group Negotiates Sale of Southpark Village in Raleigh, NC for $11 Million

  

Southpark Village, Raleigh, NC

ATLANTA, GA. --- The Southeast Capital Group at Newmark Grubb Knight Frank in Atlanta recently 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.

Whitney Knoll, who leads the Southeast Capital Group at Newmark Grubb Knight Frank, said Aurora, Ohio-based Optimus One, LLC paid $11,000,000 to acquire the property from SouthPark Village Investments I, LLC.

Whitney Knoll

Knoll, along with team members Mark Hillis and Jason Archer, negotiated the sale.

“Optimus One was a great match for this property and SouthPark Village has a great future,” Knoll said. “The Holly Springs and the Raleigh MSA is experiencing tremendous growth and anchor tenant Harris Teeter is a dynamic, forward-thinking retailer that ranks as the 25th largest supermarket in the U.S.,” Knoll said.        

Built in 2008, the Southpark Village retail center is currently 98 percent occupied.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.