RALEIGH - SHOPPING CENTER AND APARMENT COMPLEXES SOLD
Raleigh, North Carolina. Indiana Group Buys Shopping Center. Equity Investment Group Buys Creekside Crossing Shopping Center. The Fort Wayne investors paid $10.3 million for the center which is located at Wake Forest and Six Forks roads. The per square foot price for the 60,440 square foot center is $171. That’s 4.2% more than Jefferson Pilot Life Insurance, the seller, paid for it in 1999.
ATLANTA PARTNERSHIP BUYS TWO APARMENT COMPLEXES. Julian LeCraw & Co. paid $30.3 million for northwest Raleigh’s Waterford Point apartments and $30.8 million for the Cornerstone Apartments at 200 Terrastone Place, between N.C. 55 and Davis Drive. The seller of the Cornerstone Apartments, Fairfield Cornerstone LLC, receive 12% more than the paid for it. Fairfield was also the seller of the Waterford Point apartments. The increase they enjoyed on those units was 17%.
In 1919 Americans were buying more than 25 million 78 rpm records per year. Like Topsy, from then on it “just growed.”
John Fish (919) 696-3474 Email: Marvmax@mindspring.com Website: www.JohnFish.com
