Sean Garland's Klein Enterprises Acquires Southern Shores Marketplace Retail For $22.05M

Klein Enterprises, led by Sean Garland, has acquired the Southern Shores Marketplace, a 140,000-square-foot retail property located at 5539 N Croatan Hwy in Southern Shores, North Carolina. The property was purchased from Aston Properties for a total of $22.05 million. This transaction was facilitated by Berkeley Capital Advisors, who represented Klein Enterprises as the buyer's broker. The property is situated in the Southern Shores market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $22,050,000
• Address: 5539 N Croatan Hwy, Southern Shores, NC
• Square Footage: 140,000
• Market: Southern Shores, NC

Klein Enterprises secured a $14.2 million mortgage from TD Bank to finance the acquisition of the Southern Shores Marketplace. This funding played a crucial role in completing the transaction. With this purchase, Klein Enterprises strengthens its presence in the retail sector, expanding its portfolio and further establishing its position in the Southern Shores market.