Updated Nov 13, 2025
Robert Zuritsky Of Parkway Corporation Acquires Retail Property From Highwoods Properties For $7.15M
301 South Wilmington Street
$7,150,000
Building Size
—
Asset Type
Retail
Closing
Nov 7, 2025
About this deal
AI
A 0.68-acre parking lot located at 301 South Wilmington Street in Raleigh, NC has been sold for a total of $7,150,000. This retail asset transaction highlights the increasing investment interest in the urban core of downtown Raleigh.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,150,000
- Buyer: Robert Zuritsky - Parkway Corporation
- Seller: Highwoods Properties
- Broker: Foundry Commercial
The transaction indicates a significant out-of-market investment strategy by Parkway Corporation in the downtown area, as they acquired the property from Highwoods Properties, facilitated by Foundry Commercial as the broker in the deal.
On the Map
$7,150,000
Retail
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Players
Raleigh Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93