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Jun. 25, 2013

Ohio Investor Acquires Holly Springs Shopping Center for $11M

by Adriana Pop, Associate Editor

Aurora-based Optimus One LLC has recently purchased the SouthPark Village shopping center in Holly Springs. According to the Triangle Business Journal, SouthPark Village Investments I of Atlanta, which is led by Philip E. Stephens, sold the property for $11 million.

Newmark Grubb Knight Frank’s Southeast Capital Group, led by Whitney Knoll, Mark Hallis and Jason Archer of Atlanta, brokered the transaction on behalf of the seller.

Located at the intersection of the N.C. 55 Bypass and Avent Ferry Road, the approximately 82,000-square-foot retail center was 98 percent leased at the time of sale. Harris Teeter, the Fiesta Mexicana restaurant, Yopop, Great Clips, Curves, Carolina Family Vision, Go Realty and China Uno are among the property’s tenants.

In other news, the same source reports that New York-based life insurance giant MetLife has leased the 116,300-square-foot Danbury Hall office building at the Imperial Center business park in Durham for two and a half years. The facility would house 250 information technology employees.

The company is also considering a deal with Highwoods Properties to build a new facility for its global technology and operations campus on Weston Parkway in Cary. In March, MetLife announced it would be opening two new hub campuses in Cary and Charlotte that would create a combined 2,600 jobs in North Carolina.

Photo credits: http://www.tacquire.com

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