Aug 20

55,000 SF Shopping Center Sold in Cary, NC

An affiliate of APG has acquired Ace Hardware Plaza, formerly known as Hemlock Plaza, in Cary, North Carolina. The 55,000 square-foot shopping center, located on Kildaire Farm Road in an affluent submarket of Cary, is 94 percent leased.

The Plaza is a lifestyle center with a heavy emphasis on personal fitness and key neighborhood services. In addition to Ace Hardware, tenants include: Kumon Math and Reading Center, CKO Kickboxing, RedLine Athletics, Goldfish Swim School, Hemlock Family Dentistry, Total Concepts Salon, Medlin-Davis Cleaners, and China Cary restaurant.

“We believe we can bring added value to this property with careful attention to detail in our operations and leasing and are excited about this opportunity for APG investors in expanding our portfolio into retail properties,” said Jim Anthony, CEO of Anthony Property Group.

APG Advisors will also lease and manage the property. Jennie Banco, Senior Property Manager, will manage the Plaza.