A New York-based retail REIT has written an eight-figure check for one of northeast Greensboro’s neighborhood hubs, picking up Gunters Crossing, the Lowe’s Foods-anchored shopping center on North Church Street, for about $11 million. The single-story center runs roughly 55,000 square feet, pairing a full-service grocery anchor with a row of smaller storefronts. The seller, Barnett Properties, is cashing out of the asset as it leans harder into development projects around the region.
Deal details
According to Triad Business Journal, ShopOne Centers, the New York retail REIT now operating under Town Lane’s platform, closed on Gunters Crossing for approximately $11 million. The report identifies Barnett Properties as the seller and pegs the center at…..