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Copeland Realty Sells Garden Ridge for $8.6M

National Retail Properties Acquires 122,000-SF Greensboro Shopping Center
January 2, 2013
National Retail Properties LP, a Florida-based real estate investment firm, purchased the retail building at 6103 Landmark Center Blvd. in Greensboro, NC from Copeland Realty, Inc. for $8.55 million, or about $70 per square foot.

The 122,000-square-foot, big-box retail building was constructed in 1998 and is fully occupied by a large crafting and retail chain, Garden Ridge.

Jeff Nimmer of Kotis Properties, Inc. and Tony Yousif of Sperry Van Ness represented the seller. The buyer was represented in-house by NNN Acquisitions.

Please see CoStar COMPS #2619772 for more information on this transaction.

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