David Gilbert Of Clarion Partners Acquires Midtown Corner Retail Center From Ram Realty Advisors For $26.95M

A retail asset located at 601 East Six Forks Road in Raleigh, NC, has been sold for $26,950,000. The shopping center encompasses 69,000 square feet and has a price per square foot of $391. This fully leased property includes tenants such as PGA Tour Superstore, First Watch, and Fifth Third Bank. There are no redevelopment plans for the center, as it will continue to operate in its current state.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $26,950,000
• Square Footage: 69,000
• Address: 601 East Six Forks Road
• Market: Raleigh, NC
• Price Per Square Foot: $391
• Buyer: David Gilbert - Clarion Partners
• Seller: Ram Realty Advisors

Midtown Corner was the name of the shopping center sold in this transaction. Activate has signed a lease for a new location within the property. This indicates ongoing activity in the retail leasing market in the area.