Property Resources Acquires Retail Asset In Lexington NC From New South Properties For $17.5M

The property asset involved in the transaction is located at 19 Plaza Parkway, Lexington, NC. This retail asset spans a total of 270,650 square feet and was sold for a price of $17,500,000, equating to approximately $65 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,500,000
• Sale Date: 09/09/2025
• Buyer: Property Resources
• Seller: New South Properties
• Square Footage: 270,650
• Price Per Square Foot: $65
• Market: Lexington, NC

Property Resources, as the buyer, acquired the Lexington Parkway Plaza from New South Properties. This transaction reflects the ongoing interest in retail assets in the Lexington market, emphasizing the role of both companies in the real estate industry.