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Cap Rate Plays Into Raleigh Retail Trade

RALEIGH, NC—TSG's Drew Logan tells GlobeSt.com's Jennifer LeClaire how the cap rate was affected by the credit and the concern about the industry versus the real estate.

By Jennifer LeClaire | Updated on March 27, 2013

RALEIGH, NC—An h.h. gregg building across from Crossroads Plaza, one of the leading regional power centers in the Triangle area, has sold for $3.7 million. Meeting Street HHG LLC, a Wilmington, NC-based investor group purchased the retail asset.

Drew Logan and David Allen of The Shopping Center Group represented the buyer. Logan tells GlobeSt.com the trade area has strong retail sales that are above average for most of the boxes and the restaurants.

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