Print
Real Estate - Commercial

Food Lion Shopping Centers Sold Again

By Cece Nunn, posted Jun 5, 2017
Brokers announced the sale of two Food Lion-anchored shopping centers, including Hampstead Station (shown above), for $9.54 million. (Photo courtesy of Cape Fear Commercial)
Two shopping centers anchored by Food Lion grocery stores in the Cape Fear region have changed hands for the second time in two years.

In a $9.54 million portfolio sale, Wrightsville Beach-based investors bought Masonboro Commons, 6400 Carolina Beach Road in Wilmington, and Hampstead Station, at the corner of U.S.17 and N.C. 210 in Hampstead, according to deeds and an announcement Monday from Cape Fear Commercial.

Both centers are 100 percent occupied.

Brokers Bryce Morrison and Paul Loukas of Cape Fear Commercial represented the buyer, TheJayTees Properties, 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 in Monday's news release. “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 will continue to manage the shopping centers, according to the release.

The seller, Caliber Capital of Atlanta, bought the centers last year, paying more than $3 million for Masonboro Commons and $4.4 million, including outparcels, for Hampstead Station, according to previous Greater Wilmington Business Journal stories.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Pfinder john zachary

What You Need to Know About SECURE 2.0 and Its Effect on Individual Retirement Accounts

John B Zachary - Pathfinder Wealth Consulting
Burrus rob headshot 300x300

UNCW CSB’s 42nd Annual Business Week: Business Students Reflect on Their “Why”

Robert Burrus - Cameron School of Business - UNC-Wilmington
Headshotrosaliecalarco 1182131047

Help Stop Government Impersonator Scams

Trending News

Beverage Manufacturer To Occupy Former Tru Colors Facility In Wilmington

Audrey Elsberry - May 6, 2024

Wilmington Leaders To Consider Skyline Center Lease, Debt Payment

Emma Dill - May 6, 2024

In The Current Issue

Surgeon Performs Newer Type Of Bariatric Surgery

Wilmington Health’s Jayme Stokes recently successfully performed the first SADI-S procedure in the region, according to the practice....


Chambers Share 2024 Picks For CEAs

As part of the Coastal Entrepreneur Awards program, area chambers of commerce share their top business and organization picks....


CEA Minority-Owned Winner: Steeping In Success

Adrienne Arrington-Kenion decided to share her creations of herbal teas, eventually naming her company, Queen Esther Teas, after her grandmo...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season