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CVS Inks Outparcel Net Lease in Triangle

CHARLOTTE, NC—Edward Kalikow tells GlobeSt.com's Jennifer LeClaire why CVS is expanding in the Raleigh-Durham plaza.

By Jennifer LeClaire | Updated on June 07, 2013

CHARLOTTE, NC—CVS has inked a long-term ground lease for a new 13,000-square-foot stand-alone retail store on a vacant outparcel. The CVS will take up space at Rams Plaza, a 113,000-square-foot grocery anchored shopping center in Chapel Hill, NC.

The Kalikow Group, through a joint venture entity known as Rams Plaza Associates, LLC, is constructing the retail asset. When Ram Plaza Associates acquired the 30-year-old shopping center in Dec. 2011, it announced renovation plans.

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