Robert Zuritsky Of Parkway Corporation Acquires Retail Property From Highwoods Properties For $7.15M

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.