Chapel Hill investment group buys Triad shopping center for $3.3 million

Some great press on our recent purchase of the Mebane Ridge Shopping Center in Mebane, NC. We really like this property and love the 1000+ homes that will be constructed within 2 miles of the property! This was another 1031 transaction, structured as a TIC deal, so lots of moving parts. From the Article: A Chapel Hill-based real estate investment group has added to its Triad portfolio. In a 1031 exchange, three LLCs controlled by Prudent Growth Partners and manager Tom Hahn Jr. purchased the 24,000-square-foot Mebane Ridge Marketplace at 1909 S. N.C. 119 for $3.315 million from D.M. Norton Enterprises of Laurel Hill. Tenants at the shopping center, which Hahn said has one vacant space of abo

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