RALEIGH, NC – CTO Realty Growth Inc. has acquired a 320,600-square foot multi-tenant retail property in the Raleigh, NC suburb of Apex, NC for $70.5 million.
The acquired property, Beaver Creek Crossings, is situated across 51 acres of land and is located 15 minutes south of the nation's largest research park, Research Triangle Park.
Constructed in 2005, the asset is 97% occupied and is anchored by TJ-Maxx, HomeGoods, Dick's Sporting Goods, Regal Cinemas, Old Navy and Ross Dress for Less. The acquisition represents the firm's first TJ-Maxx and HomeGoods-anchored shopping center.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
