RCG Ventures Acquires Retail Property In Raleigh From Global Net Lease For $29.55M

The retail property located at 3630 Sumner Boulevard in Raleigh, NC, was sold for $29,550,000. The asset spans 14.4 acres and encompasses a total of 153,350 square feet. The price per square foot for the transaction was $193. The property notably includes five buildings and has an assessed value of $26.62 million. This site was previously sold for $28.4 million in 2022.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $29,550,000
• Buyer: RCG Ventures
• Seller: Global Net Lease, Inc.
• Sale Date: 04/08/2025
• Market: Raleigh, NC
• Acres: 14.4
• Square Footage: 153,350
• Price per Square Foot: $193

Key tenants of the Triangle Town Place include Dick’s Sporting Goods and Nordstrom Rack, contributing to the property's appeal. This transaction reflects the ongoing activity and investment interest in the Raleigh retail market.