Prudent Growth Snags Second Retail Center in Less Than a Month

Prudent Growth Partners has acquired the Ashcroft Commons shopping center just one month after purchasing the nearby Reidsville Center. REIDSVILLE, NC (PRWEB) NOVEMBER 30, 2017 Prudent Growth Partners, LLC, a real estate investment company based in Chapel Hill, NC, has completed its second acquisition in Reidsville in less than a month. It has acquired the 32,000 square foot shopping center known as Ashcroft Commons in a $1.4 million transaction. The new center, located at 1405-1437 Freeway Drive, is less than a mile from the 27,000 square foot Reidsville Center, which the group purchased on October 31. “This second property in Reidsville is a great addition to our growing portfolio of neigh

North Carolina Heads The Best States For Business 2017

Some great press for North Carolina - and just another reason why Prudent Growth Partners is primarily investing in our home state! From the article: North Carolina has built one of the country’s strongest business climates over the past two decades, fueled by low business costs, incentives and a young, educated workforce, many of whom have been trained at the strong universities in the state and Research Triangle Park. Migration rates into the state are among the highest in the U.S. annually. The Tar Heel State is the only one to rank among the top five on FORBES’ Best States for Business for 12 straight years, but it never reached the top rung until now. An improved employment outlook and

How a Toyota-Mazda plant could help unite North Carolina's major real estate markets

Great article in the Business Journal about how just one of these "mega-site" deals will help to unify the entire commercial real estate market in NC. As Charlotte creeps Northward it is closing in on the Southern Triad. As RDU creeps Westward it is closing in on the Eastern edge of the Triad. The most appealing "megasite" is basically right in the middle of the triangle - which puts many areas within a one-hour drive. Regardless of this one particular deal it is rapidly becoming clear that the Triad (in particular) could end up being in a very desirable location! From the article: Could the three largest metro areas in North Carolina — the Triad, the Triangle and Charlotte — soon grow toge

US Apartment Demand Bounces Back

Great article from CoStar on the big "bounce" in Apartment demand after a slow start to 2017. The article also mentions what is becoming apparent to investors: construction projects are definitely slowing and that bodes well to supply/demand fundamentals in the upcoming couple of years. From the Article: Renter demand for apartments continued to accelerate in the third quarter of 2017 as the market absorbed more than 70,000 units and the overall national vacancy rate for U.S. apartments continued to trend lower after turning sharply up at the end of last year. "The third quarter (vacancy) numbers are a welcome sign (for owners) after the sharp increase at the end of last year. Overall, i

Prudent Growth Partners Acquires Prime Retail Center in Reidsville, NC

REIDSVILLE, N.C. (PRWEB) NOVEMBER 03, 2017 Prudent Growth Partners, LLC, a real estate investment company based in Chapel Hill, NC, has completed its acquisition of the Reidsville Center shopping center in Reidsville, NC. The property, a 27,500 square foot shopping center, is located at 1560 Freeway Drive in Reidsville, NC. The purchase price was $2,800,000. “This is a great addition to our growing portfolio of neighborhood retail properties - it is prominently located in the best retail stretch of Freeway Drive. There are many well-known businesses in the center such as Aaron's Rents, Eden Jewelry, Spectrum Cable, and the US Military Recruiting Center,” says Tom Hahn, President of Prudent G

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    Prudent Growth Partners, LLC  (2017)    1829 E. Franklin St, Suite 800-F, Chapel Hill, NC 27514  (919) 590-4119