Continental Realty Corporation Acquires Property In Winston-Salem For $12.5M With Seller's Reps Kirk Olson And Drew Kristol

Continental Realty Corporation has acquired a retail property located at 11724 E Dr Martin Luther King Jr BLVD in Winston-Salem. The shopping center consists of 166,465 square feet and was sold for a transaction amount of $12,500,000. The property is anchored by Walmart and Publix, which have been tenants since its completion in 1986.

Summary of transaction details:

• Property Type: Shopping Center
• Transaction Amount: $12,500,000.00
• Address: 11724 E Dr Martin Luther King Jr BLVD, Winston-Salem
• Square Footage: 166,465
• Seller's Representatives: Kirk Olson (Marcus & Millichap), Drew Kristol (Marcus & Millichap)
• Buyer: Continental Realty Corporation
• Seller: Joint venture between Field Real Estate Holdings LLC and Southern Management and Development LP

Marcus & Millichap, represented by Kirk Olson and Drew Kristol, facilitated the transaction on behalf of the seller. Continental Realty Corp. executed the purchase through its Continental Realty Fund V, contributing to its strategy of expanding its portfolio in Florida, which now totals 16 properties.