Jones Lang LaSalle Integrated : Worth-add retail procuring heart in coastal North Carolina sells to new proprietor for $12.75M

CHARLOTTE, Dec. 21, 2022 – JLL Capital Markets introduced at this time that it has accomplished the $12.75 million sale of New Bern Market, a 59,516-square-foot, value-add procuring heart positioned in New Bern, North Carolina.

JLL marketed the asset on behalf of the vendor, Columbia Improvement Group and Lubert Adler. Evans Greatest LLC acquired the asset and was represented by Meybohm Business.

The 81-percent-occupied property is leased to HomeGoods, Rack Room Sneakers, Bathtub & Physique Works, Domino’s, Wingstop, Sports activities Clips and extra. The middle is shadow anchored by Harris Teeter and sits adjoining to retailers, resembling Ross Gown for Much less, Pastime Foyer and Academy Sports activities. With 2.8 million whole visits yearly, New Bern Market is the fourth most visited heart inside 30 miles.

Positioned at 3531 Martin Luther King Jr. Blvd., New Bern Market is positioned alongside the realm’s fundamental retail hall and is handed by roughly 37,500 automobiles per day. The middle reaches a commerce space of over 20 miles and is simply 4 miles from downtown New Bern. Moreover, the property advantages from its proximity to different high-performing facilities, together with Rivertowne Sq., McCarthy Crossing and New Bern Mall.

The JLL Capital Markets crew representing the vendor was led by Senior Director Tom Kolarczyk and Senior Managing Director Danny Finkle.

JLL Capital Markets is a full-service world supplier of capital options for actual property traders and occupiers. The agency’s in-depth native market and world investor data delivers the best-in-class options for shoppers – whether or not funding and gross sales advisory, debt advisory, fairness advisory or a recapitalization. The agency has greater than 3,000 Capital Markets specialists worldwide with places of work in practically 50 international locations.

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