Marcus & Millichap Brokers Sale of Walmart Supercenter-Anchored Retail Portfolio in Raleigh, North Carolina

Reuters

2025/06/10

Marcus & Millichap Brokers Sale of Walmart Supercenter-Anchored Retail Portfolio in Raleigh, North Carolina

Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has successfully brokered the sale of a retail portfolio anchored by a Walmart Supercenter in Raleigh, North Carolina. The six-parcel property, located on New Bern Avenue, includes four multi-tenant retail buildings and two single-tenant properties, covering approximately 58,721 square feet across 8.44 acres. The portfolio features a mix of retail, medical, and restaurant tenants such as UNC Healthcare, AutoZone, Starbucks, and Wing Stop. The property was sold to Neighborhood Grocery Catalyst Fund LLC, a joint venture co-managed by Phillips Edison and Lafayette Square USA, Inc., after receiving over a dozen offers, highlighting strong investor confidence in the Raleigh-Durham market. Marcus & Millichap anticipates a positive trend in retail investment values, provided interest rates decline without triggering a recession.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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The six-parcel property, located on New Bern Avenue, includes four multi-tenant retail buildings and two single-tenant properties, covering approximately 58,721 square feet across 8.44 acres. The portfolio features a mix of retail, medical, and restaurant tenants such as UNC Healthcare, AutoZone, Starbucks, and Wing Stop. The property was sold to Neighborhood Grocery Catalyst Fund LLC, a joint venture co-managed by Phillips Edison and Lafayette Square USA, Inc., after receiving over a dozen offers, highlighting strong investor confidence in the Raleigh-Durham market. Marcus &amp; Millichap anticipates a positive trend in retail investment values, provided interest rates decline without triggering a recession.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus &amp; Millichap Inc. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z6F94.USD","symbol_name":"Legg Mason Royce - US Smaller Companies A Acc USD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDLDpgQ3:1","article_id":"2542353870","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542353870","pubTimestamp":1749506725,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has successfully brokered the sale of a retail portfolio anchored by a Walmart Supercenter in Raleigh, North Carolina. 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The six-parcel property, located on New Bern Avenue, includes four multi-tenant retail buildings and two single-tenant properties, covering approximately 58,721 square feet across 8.44 acres. The portfolio features a mix of retail, medical, and restaurant tenants such as UNC Healthcare, AutoZone, Starbucks, and Wing Stop. The property was sold to Neighborhood Grocery Catalyst Fund LLC, a joint venture co-managed by Phillips Edison and Lafayette Square USA, Inc., after receiving over a dozen offers, highlighting strong investor confidence in the Raleigh-Durham market. Marcus & Millichap anticipates a positive trend in retail investment values, provided interest rates decline without triggering a recession.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on June 09, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}