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Atlanta-Based Developer Buys 94-Acre Site in Triad Business Park for Rumored Amazon Development
Atlanta-based developer Seefried Properties acquired a 94-acre industrial site within the Triad Business Park in Greensboro, NC from Samet Corp. for $10.42 million, or about $113,000 per acre. According to local media outlets, the site could potentially...

Bedrin Acquires Gate City Shopping Center in West Greensboro
Glen Rock, NJ-based The Bedrin Organization purchased the 122,455-square-foot Gate City Shopping Center in Greensboro, NC for $7.65 million, or about $62 per square foot. The shopping center investor acquired the retail property from Westport, CT-based...

Real Estate Value Advisors Sells Qorvo-Leased Property in Greensboro
Richmond, VA-based investor Real Estate Value Advisors (REVA) sold a 53,505-square-foot office building in Greensboro, NC to a private investor taking title as Phoenix GS LLC for $7.25 million, or roughly $136 per square foot. The two-story property...

Blackstone, Gateway Industrial Team Up to Buy Warehouse Portfolio Near Triad Airport
The Blackstone Group LP and Gateway Industrial Properties, purchased the five-building industrial portfolio at 202, 204, 206, 311-F and 311-G North Chimney Road in Greensboro, NC, from Somerset Properties and Thackeray Partners for $32.2 million, or about...

Cook Medical to Convert Part of 850,000-SF RJR Bldg. for Medical Device Manufacturing
Cook Medical, headquartered in Bloomington, IN, signed a Letter of Intent with the Whitaker Park Development Authority to acquire the former R.J. Reynolds facility in Winston-Salem's Whitaker Park. The Bloomington, IN-based firm plans to convert part...

Digestive Health Specialists Leases 11,000 SF in Winston-Salem
Digestive Health, a health care provider, signed a five-year office lease for 10,500 square feet at 3530 Advantage Way in Winston-Salem, NC. Built in 2013, the three-story building totals 38,000 square feet in the Advantage Way office park. Digestive...

Freestanding Tractor Supply Bldg. Trades for $3.7 Million
A private investor taking title as JSR Greensboro LLC acquired a 19,097-square-foot retail building in Greensboro, NC from a local owner for $3.67 million, or about $192 per square foot. Located at 4104 S. Elm Eugene St., the freestanding building...

Front Street Capital Plans Next $25 Million Phase of Bailey Power Plant Redevelopment Project
Credit: Stitch Design Shop Locally-based developer Front Street Capital will acquire the Bailey South building and Morris Building within the Innovation Quarter in Winston-Salem, NC to begin the next phase of the Bailey Power Plant Redevelopment Project...

Deacon Rental Properties Sells 251-Bed Student Housing Complex in Winston-Salem
Locally-based Deacon Rental Properties sold a 251-bed student housing complex in Winston-Salem, NC to Mission Bay Investments for $20.9 million, or about $83,000 per bed. The 64-building community, named Deacon Properties, was built in 2011 and houses...

Ashley Woods Trades for $9.9 Million
A private investor taking title as Adar Woods Holdings LLC acquired the 180-unit Ashley Woods apartment complex in Greensboro, NC from a local owner taking title as Ashley Woods Properties LLC for $9.85 million, or about $55,000 per unit. Located...

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