Atlanta & Southeast News In Your Inbox

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

Sub Markets

Property Sectors

Topics

Atlanta & Southeast  + Carolinas  + Retail  | 
Columbia Development Group and Lubert Adler have sold the New Bern Marketplace in New Bern, NC to M.M.K. Pacific Petroleum.

Columbia Development Group, Lubert Adler Release Coastal NC Retail Center

JLL has closed the sale of and arranged acquisition financing for New Bern Marketplace, a newly constructed, fully leased, 166,835-square-foot regional retail center with a best-in-class tenant lineup in coastal New Bern, NC.

Danny Finkle, Thomas Kolarczyk, Eric Williams and Ryan Eklund represented the seller, Columbia Development Group and Lubert Adler. In addition, Greg Brown, Chip Sykes and Jordan Leake of JLL placed a 10-year, fixed-rate acquisition loan with Wells Fargo on behalf of the buyer, M.M.K. Pacific Petroleum.

New Bern Marketplace is home to a roster of six, high-performing, national tenants, including Academy, Ross Dress for Less, Hobby Lobby, Ulta Beauty, Five Below and West Marine. The center is shadow anchored by a Harris Teeter grocery store.

The center is situated on 13.85 acres at 3553-3561 Dr. Martin Luther King Jr. Boulevard. New Bern is the second oldest city in the state, was its original capital and is known for its tourism industry.

Connect

Inside The Story

JLL

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
Money360-06-cube