Moghadass Inc., a Raleigh, NC-based company, acquired Reedy Creek Plaza in Cary from Intervest National Bank for $3.3 million, or about $57 per square foot.
The retail building delivered in 1989 at 900 NE Maynard Road. It totals 57, 775 square feet and is anchored by a Food Lion, according to CoStar information.
Nikita Zhitov of Blue Sky Services Real Estate represented the buyer. There was no listing broker.
Please see CoStar COMPS #2643856 for more information on this transaction.