{"id":1004127215,"date":"2015-09-10T10:21:11","date_gmt":"2015-09-10T18:21:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360587"},"modified":"2020-04-30T09:10:18","modified_gmt":"2020-04-30T17:10:18","slug":"greysteel-facilitates-sale-of-durham-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greysteel-facilitates-sale-of-durham-retail-center\/","title":{"rendered":"Greysteel Facilitates Sale of Durham Retail Center"},"content":{"rendered":"<p><em>By Adriana Pop, Associate Editor <\/em><\/p>\n<p><a href=\"https:\/\/www.greysteel.com\/\" target=\"_blank\" rel=\"nofollow\">Greysteel<\/a>\u2019s Mid-Atlantic Retail investment sales team led by Gil Neuman (pictured) has arranged the sale of Durham Plaza, a 234,500-square-foot retail center located at 2000 Avondale Drive just off the Interstate 85 junction in Durham.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/raleigh.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004127650\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/greysteel-facilitates-sale-of-durham-retail-center\/raleigh\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/raleigh.jpg\" data-orig-size=\"712,626\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Veronica Grecu&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1442512594&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"raleigh\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/raleigh.jpg?w=712\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/raleigh.jpg\" alt=\"raleigh\" width=\"300\" height=\"264\" class=\"alignright size-medium wp-image-1004127650\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/raleigh.jpg 712w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/raleigh.jpg?resize=300,264 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>In conjunction with Tampa-based full-service commercial real estate\u00a0<a href=\"https:\/\/www.franklinst.com\/\" target=\"_blank\" rel=\"nofollow\" real-estate\">Franklin Street Real Estate<\/a>, Greysteel served as exclusive advisor and agent to the seller, <a href=\"https:\/\/www.harborgroupint.com\/\" target=\"_blank\" rel=\"nofollow\">Harbor Group International<\/a>. Greysteel also procured the buyer, <a href=\"https:\/\/www.nassimirealty.com\/\" target=\"_blank\" rel=\"nofollow\">Nassimi Realty<\/a>.<\/p>\n<p>Built in the 1970\u2019s, the shopping center is 90 percent occupied by a diverse mix of national and local retailers including grocery anchor Compare Foods, Harbor Freight, Big Lots, Wells Fargo Bank, E.C. Barton, Kimbrell\u2019s Furniture and regional entertainment, food, and service tenants. Visitors here also have easy access to a bus stop for The Durham Area Transit Authority.<\/p>\n<p>\u201cHarbor Group is pleased to have added value and through Greysteel\u2019s institutional sales process secured a quality purchaser,\u201d Jordan Slone, chairman of Harbor Group International LLC, said in a prepared statement \u201cWe congratulate Nassimi Group on their acquisition and wish them further success.\u201d<\/p>\n<p>Durham Plaza is conveniently located near major employers, such as Durham Regional Hospital and the Duke University Health System. Furthermore, there are more than 70,000 people living within three miles of the center.<\/p>\n<p>Durham Plaza is also situated within 10 miles of the 7,000-acre Research Triangle Park, which ranks as one of the largest high-tech research and production centers in America. The complex is home to more than 170 major research companies that have about 42,000 full time employees and 10,000 contract workers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Durham Plaza shopping mall has a new owner.<\/p>\n","protected":false},"author":260,"featured_media":1004127650,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1604],"tags":[],"class_list":["post-1004127215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-raleigh-durham"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Greysteel Facilitates Sale of Durham Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greysteel-facilitates-sale-of-durham-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greysteel Facilitates Sale of Durham Retail Center\" \/>\n<meta property=\"og:description\" content=\"Durham Plaza shopping mall has a new owner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greysteel-facilitates-sale-of-durham-retail-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-10T18:21:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T17:10:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/raleigh.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"712\" \/>\n\t<meta property=\"og:image:height\" content=\"626\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-facilitates-sale-of-durham-retail-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-facilitates-sale-of-durham-retail-center\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Greysteel Facilitates Sale of Durham Retail Center\",\"datePublished\":\"2015-09-10T18:21:11+00:00\",\"dateModified\":\"2020-04-30T17:10:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-facilitates-sale-of-durham-retail-center\\\/\"},\"wordCount\":54,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-facilitates-sale-of-durham-retail-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/raleigh.jpg\",\"articleSection\":[\"News\",\"Raleigh-Durham\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-facilitates-sale-of-durham-retail-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-facilitates-sale-of-durham-retail-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-facilitates-sale-of-durham-retail-center\\\/\",\"name\":\"Greysteel Facilitates Sale of Durham Retail Center - 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