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Mark Properties Pays $3.15M for Raleigh Retail Center

Individual Investor Sells The Shoppes at Bedford
July 25, 2014
Mark Properties, a Durham-based property investment and brokerage firm, acquired The Shoppes at Bedford in Raleigh, NC from an individual investor for $3.15 million, or about $107 per square foot.

The center delivered in 2008 at 3607 Falls River Ave. in the Six Forks/Falls of Neuse submarket of North Raleigh. It totals 29,532 square feet and was 96 percent occupied at the time of sale. The retail center is anchored by the Growing Years Learning Center, according to CoStar information.

Andrew Margulies of Marcus & Millichap represented the seller in the transaction.

Please see CoStar COMPS # 3068219 for more information.
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