Atlanta & Southeast + Carolinas + Retail | January 3, 2023

Evans Best, LLC has purchased the New Bern Marketplace shopping center in New Barn, NC from Columbia Development Group for $12.8 million.

Columbia Development Group Sells Value-Add Retail Center in New Bern for $13M

Evans Best, LLC has paid $12.8 million for the New Bern Marketplace, a 59,516-square-foot value-add shopping center located at 3531 Martin Luther King Jr. Boulevard in New Bern, NC.

Tom Kolarczyk and Danny Finkle of JLL marketed the asset on behalf of the seller, Columbia Development Group (a Columbia, NC-based retail and mixed-use develop) and Lubert Adler. Evans Best LLC was represented by Meybohm Commercial.

The 81% occupied property is leased to HomeGoods, Rack Room Shoes, Bath & Body Works, Domino’s, Wingstop, Sports Clips and more. The center is shadow anchored by Harris Teeter and sits adjacent to retailers, such as Ross Dress for Less, Hobby Lobby and Academy Sports.

With 2.8 million total visits annually, New Bern Marketplace is the fourth most visited center within 30 miles. It is positioned along the area’s main retail corridor and sits four miles from downtown New Bern.

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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.