Eastern Carolinas Commercial Real Estate represented the Seller and Purchaser in the sale of Bells Fork Shopping Center in Greenville NC. The center sold for $9.25 Million representing a 7 Cap. The stability of the marketplace and the property made the center a great opportunity for the buyer to expand their portfolio of Grocery Anchored Centers.
The property is anchored by Harris Teeter Grocery Stores.
The Purchaser is looking to lease the center and will handle leasing and management of the center directly.
Nicholas Silivanch, Partner and Vice President of Retail Leasing and Sales Brokered the transaction.