Tremont Oz LLC Acquires Development Site In Raleigh From Crosland Southeast For $8.95M

The property asset involved in the transaction is a development site located at 2604 South Saunders Street, Raleigh, NC, comprising 1.63 acres. The sale price for this site was $8,950,000. The site was previously a Speedway gas station and is set to be redeveloped into a 7-Eleven store, contributing to the ongoing development efforts in the area, especially near the stalled Downtown South project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,950,000
• Buyer: Tremont Oz LLC
• Seller: Crosland Southeast
• Date of Sale: 07/09/2025
• Market: Raleigh, NC
• Site Area: 1.63 acres

Crosland Southeast, the seller, acquired the site for $2,000,000 just five months prior to selling it. Tremont Oz LLC is the buyer and will undertake the redevelopment of the property.