First Kentucky Trust Pays $7M for Raleigh Walgreens
Tribek Properties Sells New Walgreens Location
April 25, 2014
First Kentucky Trust Company, a Louisville-based company, acquired the new Walgreens located at 900 Spring Forest Road in North Raleigh, NC from Tribek Properties for $7.1 million, or about $480 per square foot.
This new building is currently under construction, with an expected delivery date set for later this spring. It will total 14,800 square feet across the street from Sutton Square Shopping Center, which is anchored by Fresh Market, according to CoStar information.
Kyle Matthews and Jordan Uttal from Colliers International represented both parties in the transaction.
Please see CoStar COMP #2992821 for more information.