PMAT Real Estate Investments, a Louisiana-based real estate development firm, acquired the Wellington Park Shopping Center in Cary, NC for $8 million, or about $78 per square foot.
The shopping center delivered in 1997 at 6408-6464 Tryon Rd. in the Cary submarket of Wake County. It totals 102,787 square feet and is anchored by Lowes Foods. The center was about 85 percent occupied at the time of sale.
Rob Carter, Alex Quarrier, and David Webb of Berkeley Capital Advisors handled the deal for KIMCO Realty.
Please see CoStar COMPS #2822952 for more information in this transaction.