{"id":1004135267,"date":"2016-01-22T02:28:47","date_gmt":"2016-01-22T10:28:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004135267"},"modified":"2020-05-18T23:41:03","modified_gmt":"2020-05-19T07:41:03","slug":"cbre-arranges-major-retail-transactions-in-raleigh","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-major-retail-transactions-in-raleigh\/","title":{"rendered":"CBRE Arranges Major Retail Transactions in Raleigh"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

Raleigh, N.C.<\/strong>\u2013CBRE|Raleigh<\/a> has announced the completion of two big box, retail transactions totaling more than 100,000 square feet.<\/p>\n

\"Former<\/a>

Former Chloe’s Furniture Site at 6401 Town Center Drive<\/p><\/div>\n

The former Chloe\u2019s Furniture property at 6401 Town Center Drive in Raleigh has sold to Dominion Self-Storage II LLC. The freestanding, 50,000-square-foot building is located on nearly 5.4 acres of land adjacent to Triangle Town Center. Senior Vice President Charlie Coyne and Vice President Christina Coffey of CBRE|Raleigh\u2019s Retail Services team represented the seller, PNC Bank<\/a>, while Senior Associate Tiffany Barrier procured the buyer.<\/p>\n

Additionally, the former Kroger at Wakefield Commons<\/a>, also in Raleigh, has been subleased to Galaxy Park LLC for the creation of a new family entertainment center called Galaxy Fun Park. The big box space, which encompasses approximately 55,760 square feet, is located off Falls of Neuse Road and co-anchors the Wakefield Commons shopping center, along with Marquee Cinemas.<\/p>\n

Other tenants in the center include Jersey Mike\u2019s, Papa Johns, GNC and UPS. Senior Vice President Charlie Coyne and Vice President Reagan Crabtree of CBRE|Raleigh\u2019s Retail Services team represented Kroger in the transaction, while Jay Sprayberry of NDB Commercial represented Galaxy Park.<\/p>\n

CBRE|Raleigh is a joint venture between local principals and CBRE Group<\/a>. The firm, which serves the Triangle region, completed $1.4 billion of sales and leasing transactions in 2014.<\/p>\n

CBRE is in fact the only global real estate services firm with offices in Norfolk, Newport News, Richmond, Charlottesville, and Fredericksburg, Va., and Raleigh and Greensboro, N.C. These offices are collectively referred to as the Mid-South region.<\/p>\n

Image courtesy of CBRE|Raleigh<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE|Raleigh has facilitated two retail transactions totaling more than 100,000 square feet. <\/p>\n","protected":false},"author":260,"featured_media":1004135273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,11,21742,1604,21749],"tags":[],"class_list":["post-1004135267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-midatlantic","category-latest","category-raleigh-durham","category-retail"],"acf":[],"yoast_head":"\nCBRE Arranges Major Retail Transactions in Raleigh - 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\/cbre-arranges-major-retail-transactions-in-raleigh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Major Retail Transactions in Raleigh\" \/>\n<meta property=\"og:description\" content=\"CBRE|Raleigh has facilitated two retail transactions totaling more than 100,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-major-retail-transactions-in-raleigh\/\" \/>\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=\"2016-01-22T10:28:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T07:41:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Former-Kroger-at-Wakefield-Commons.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"971\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-major-retail-transactions-in-raleigh\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-major-retail-transactions-in-raleigh\/\",\"name\":\"CBRE Arranges Major Retail Transactions in Raleigh - 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