Sam Simpson Of Simpson Commercial Real Estate And Chester Brown Of Brown Investment Properties Acquire 61.7 Acres In Greensboro For $8M

A 61.7-acre site located near Toyota’s battery plant on US Highway 421, at the intersection with Woody Mill Road and Liberty Road in Greensboro, North Carolina, was sold for $8,000,000. The asset type is land.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $8,000,000
• Address: US Highway 421 near Woody Mill Road & Liberty Road
• Market: Greensboro, NC
• Acres: 61.7
• Buyer: Sam Simpson - Simpson Commercial Real Estate
• Buyer: Chester Brown - Brown Investment Properties

Simpson Commercial Real Estate and Brown Investment Properties are planning to develop Woody Mill, a mixed-use project comprising 240 Class A apartments, retail outparcels, restaurants, and office space. The total investment for this venture is anticipated to be nearly $100 million, with groundbreaking targeted before the year-end and expected completion set for early 2028.