Edward Ross Of Coastal Equities Acquires Retail Center From Neil Robinette For $12.7M

The $12.7 million sale of Richmond Plaza, a 202,504-square-foot retail center located at 1305 East Broad Avenue in Rockingham, NC, has been successfully facilitated. The property is anchored by popular stores such as Ross Dress for Less, Planet Fitness, Belk, and Burkes Outlet. The transaction reflects a price per square foot of $63.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $12,700,000
• Buyer: Edward Ross - Coastal Equities
• Seller: Neil Robinette - CF Smith Property Group
• Broker: Zachary Taylor - Marcus & Millichap

IPA, a division of Marcus & Millichap, played a key role in the successful sale of Richmond Plaza. The buyer, Edward Ross, represented by Coastal Equities, acquired the retail center from the seller, Neil Robinette of CF Smith Property Group. The transaction was handled by broker Zachary Taylor from Marcus & Millichap.