Sub Markets

Property Sectors

Topics

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Atlanta & Southeast  + Carolinas  + Retail  | 
Clarion

Clarion Partners Acquires 69K-SF Raleigh Shopping Center

Midtown Corner, a 69,000-square-foot shopping center located at East Six Forks and Wake Forest Roads in Raleigh, sold for $26.95 million. Clarion Partners was the buyer of the center. Ram Realty Advisors was the seller.

The center on 7.45 acres dates to 1997 and includes the buildings with PGA Tour Superstore, the restaurant First Watch and Fifth Third Bank. The building with Jimmy John’s, Papa Johns Pizza and Benjamin Moore – Prism Paint + Design was also part of the sale. The center is 100% leased.

The Triangle Business Journal reports Clarion Partners has no plans to redevelop the site.

Activate (photo), a family-friendly gaming entertainment center, has signed a lease.

Connect

Inside The Story

Clarion Partners

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition