Koury Corp Acquires Lawndale Crossing Retail Center In Greensboro For $37M From Pacolet Milliken Enterprises

The property asset involved in this transaction is a retail asset located at 2629 Lawndale Drive in Greensboro, NC. It spans 13.9 acres and encompasses a total square footage of 257,525. The sale was completed for a transaction amount of $37,000,000, with a price per square foot of $144.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $37,000,000
• Buyer: Koury Corp
• Seller: Pacolet Milliken Enterprises Inc
• Leased Percentage: 94%
• Key Tenants: Target, Harris Teeter, PetSmart, Panera Bread, Novant Health-GoHealth Urgent Care

Koury Corp. has acquired the shopping center known as Lawndale Crossing from Pacolet Milliken Enterprises. This transaction was characterized by its strong tenant mix, featuring various well-known retail and service providers, highlighting the attractiveness of the location in the Greensboro market.