Updated Sep 14, 2026
Brian Purcell Of Cuadra Capital Acquires Mixed-use Properties In Greensboro And Wilmington For $75M
207 State Street, 6601 University Parkway, Winston-Salem, University Pkwy, 921 Princess Street & 1020 Princess Street
$75,000,000
$300/SF
Building Size
250,000 SF
Asset Type
Mixed-use
Closing
Sep 11, 2026
About this deal
AI
The transaction involves a mixed-use asset located at 207 State Street, 921 Princess Street, and 1020 Princess Street in the Greensboro & Wilmington, NC market. The property was sold for $75,000,000, encompassing a total of 250,000 square feet, which translates to a price per square foot of $300.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $75,000,000
- Address: 207 State Street; 921 Princess Street; 1020 Princess Street
- Market: Greensboro & Wilmington, NC
- Square Footage: 250,000
- Price Per Square Foot: $300
- Buyer: Brian Purcell - Cuadra Capital
Brian Purcell, the founder of Cuadra Capital, has led the firm to invest approximately $75 million in four off-market neighborhood retail and mixed-use centers across North Carolina and Florida. The firm aims to allocate about $500 million through 2029, concentrating on infill Sunbelt properties that it can enhance and reposition for sustained income growth.
On the Map
$75,000,000
$300/SF
Mixed-use
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Parkway Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93