{"id":1004636742,"date":"2022-12-23T06:38:46","date_gmt":"2022-12-23T14:38:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004636742"},"modified":"2022-12-23T06:38:48","modified_gmt":"2022-12-23T14:38:48","slug":"evans-best-acquires-north-carolina-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/evans-best-acquires-north-carolina-retail-asset\/","title":{"rendered":"Evans Best Acquires North Carolina Retail Asset"},"content":{"rendered":"
\"New<\/a>

New Bern Marketplace. Image courtesy of JLL<\/p><\/div>\n

Evans Best LLC<\/strong> has acquired New Bern Marketplace, a 59,516-square-foot, grocery-anchored shopping center in New Bern, N.C. JLL <\/strong>Senior Director Tom Kolarczyk and Senior Managing Director Danny Finkle brokered the $12.7 million transaction on behalf of the seller, a joint venture between Columbia Development Group<\/strong> and Lubert Adler<\/strong>, while the buyer was represented by Meybohm Commercial<\/strong>.<\/p>\n

The big box power component part of the retail center traded in April and the ground lease of the 100,000-square-foot Harris Teeter supermarket part of the asset was acquired by Central Ave. Corp.<\/strong><\/a> for $18.3 million back in November. The same joint venture sold the components.<\/p>\n

\n

READ ALSO<\/strong>: Retail Fundamentals Stay Positive<\/a><\/p>\n

\n

The Harris Teeter-anchored retail center is currently 81 percent leased and in proximity to retailers Ross Dress for Less, Hobby Lobby and Academy Sports. The property\u2019s tenant roster consists of HomeGoods, Rack Room Shoes, Bath & Body Works, Domino\u2019s and Wingstop, among others.<\/p>\n

Retail shows resilience for 2023<\/h2>\n

Attracting nearly 2.8 million visits on an annual basis, New Bern Marketplace is the fourth most visited shopping center within a 30-mile radius. The retail center\u2019s anchor alone attracts roughly 1.2 million yearly visits, according to retail traffic data firm, Placer.ai<\/em>.<\/p>\n

Situated at 3531 Martin Luther King Jr. Blvd., at a 4-mile distance from downtown New Bern, the retail center sits in an area where the daily car traffic reaches approximately 37,500 vehicles. New Bern Marketplace is the go-to destination for residents living within 20 miles of the property.<\/p>\n

According to recent PwC findings<\/a>, retail transactions are likely to target higher-quality assets and strong locations with experiential retail options in the upcoming year. Future interest among retail investors will be significantly influenced by the \u201cflight to quality\u201d trend.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Harris Teeter-anchored retail center is currently 81 percent leased. <\/p>\n","protected":false},"author":3030,"featured_media":1004636746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21749],"tags":[39747,32796,44006,40227],"class_list":["post-1004636742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-retail","tag-columbia-development","tag-jll","tag-jll-capital-markets","tag-lubert-adler-partners-lp"],"acf":[],"yoast_head":"\nEvans Best Acquires North Carolina Retail Asset - CPE<\/title>\n<meta name=\"description\" content=\"Evans Best LLC has acquired New Bern Marketplace, a 59,516-square-foot, grocery-anchored shopping center in New Bern, N.C.\" \/>\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\/evans-best-acquires-north-carolina-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evans Best Acquires North Carolina Retail Asset\" \/>\n<meta property=\"og:description\" content=\"Evans Best LLC has acquired New Bern Marketplace, a 59,516-square-foot, grocery-anchored shopping center in New Bern, N.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/evans-best-acquires-north-carolina-retail-asset\/\" \/>\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=\"2022-12-23T14:38:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-23T14:38:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/New-Bern-Marketplace.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"577\" \/>\n\t<meta property=\"og:image:height\" content=\"434\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raluca Toma\" \/>\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\/evans-best-acquires-north-carolina-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/evans-best-acquires-north-carolina-retail-asset\/\",\"name\":\"Evans Best Acquires North Carolina Retail Asset - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/evans-best-acquires-north-carolina-retail-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/evans-best-acquires-north-carolina-retail-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/New-Bern-Marketplace.jpg\",\"datePublished\":\"2022-12-23T14:38:46+00:00\",\"dateModified\":\"2022-12-23T14:38:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e908d9381f3929d1d57f95e4db8c529\"},\"description\":\"Evans Best LLC has acquired New Bern Marketplace, a 59,516-square-foot, grocery-anchored shopping center in New Bern, N.C.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/evans-best-acquires-north-carolina-retail-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/evans-best-acquires-north-carolina-retail-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/evans-best-acquires-north-carolina-retail-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/New-Bern-Marketplace.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/New-Bern-Marketplace.jpg\",\"width\":577,\"height\":434,\"caption\":\"New Bern Marketplace. 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