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Atlanta & Southeast  + Southeast  + Retail  |  October 27, 2020
Dollar General has formed its own media network and recently added 21 national brands
David Cohen
By: David Cohen

Prudent Growth Acquires North Carolina Retail Portfolio for $4M

Private equity real estate investment company Prudent Growth Partners has acquired a five-property retail portfolio in North Carolina for a combined sales price of $4.5 million.

The portfolio consists of two Dollar General locations in Sanford and Statesville, N.C. as well as three Family Dollar locations in Goldsboro, Rocky Mount and Gaston N.C. The properties were owned by separate sellers.

“By picking these up one-by-one we were able to obtain them at a really attractive price point, but it was certainly a busy day for our closing team,” said Tom Hahn, president at Prudent Growth Partners. “We plan to continue to construct these portfolios several times a year for the foreseeable future in order to diversify and add resilience to the portfolio.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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