Matthews™ Completes Sale of Multi-Tenant Center in North Carolina

Sale of a 40,733-Square-Foot Asset in Fayetteville

 

Fayetteville, NC — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of The District at Freedom Town Center, a 40,733 square-foot multi-tenant center located at 2707-2737 Freedom Parkway Drive, Fayetteville, NC. Matthews™ Senior Vice Presidents Kyle Stonis and Pierce Mayson and Associate Vice President Boris Shilkrot facilitated the transaction.

 

The District at Freedom Town Center is strategically located within Fayetteville’s thriving retail corridor, part of a market-leading, grocery-anchored power center. The center offers a curated mix of e-commerce-proof tenants, including restaurants, fitness, beauty, and medical services, making it a key destination for local shoppers.

 

The property is shadow-anchored by a potent mix of retailers, including Sprouts, HomeGoods, Hobby Lobby, Dick’s Sporting Goods, Burke’s Outlet, Five Below, World Market, DSW, and Petco.

 

The seller was exiting a merchant development. Serota Islip NC II, LLC, an affiliate of Serota Properties, purchased the center. Serota Properties’ portfolio includes over 30 properties along the East Coast, including the adjacent property. The center was developed, managed, and leased by RealtyLink, a full-service real estate development company based in Greenville, SC. RealtyLink has completed over 600 projects nationwide.

 

“We continue to see a significant uptick in interest in well-located neighborhood retail assets like District at FTC,” Stonis said. “It was great to facilitate a complete exit for our sellers, in conjunction with Phases I and II of the adjacent Freedom Town Center lifestyle component.”

 

The agents have now completed two of the largest transactions in Fayetteville, NC, over the past five years.

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.