Investors on Friday bought a 48,000-square-foot shopping center in Wilmington for $8.5 million.
The center, University Square Outlet Mall at 806 S. College Road, is home to New Saigon International Market, Apple Annie’s Bake Shop, Long Island Eatery and Wilmington Furniture & Mattress Co., among others.
Cary-based AM Real Property LLC bought the center from Hospitality Holding LLC. Steve Hall of Wilmington-based BlueCoast Commercial represented the seller in the transaction.
The facility, which sits on 3.85 acres of regional business-zoned land, “boasts dual-access points and outstanding visibility, making it a highly sought-after asset in the rapidly expanding Southeast North Carolina market,” according to a statement from BlueCoast Commercial.
Hospitality Holding bought the center in 2019 for $4.4 million and made significant improvements, Hall said.
The buyers were represented by Blake Thomas and Daniel Cheng of Avision Young, a firm with offices throughout the U.S., including the Raleigh-Durham area.
Bespoke Unveils Renovations, New Bar Concept
Katie Schmidt
-
Apr 18, 2025
|
|
FedUp Foods Marks Opening Of Wilmington Facility
Emma Dill
-
Apr 17, 2025
|
|
Developer Of Port City Marina Undergoes Rebranding, Plans Industrial Park
Cece Nunn
-
Apr 18, 2025
|
|
Patterson To Take Helm Of Business Advocacy Group BASE
Staff Reports
-
Apr 17, 2025
|
Just for residential construction, the U.S. spends $11.2 billion on imports, a national economist told the audience of real estate industry...
An antique automobile is considered a car that is 25 years old or older; however, the oldest car in one local club is from 1915, and many me...
Super Lawyers is a rating service of lawyers across the nation. Peer nominations and evaluations along with third-party research are used to...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.
