Northpond Partners Acquires Preston Corners Shopping Center In Cary For $13.2M

Northpond Partners has acquired Preston Corners shopping center in Cary, NC for $13.2 million. The center is anchored by Lowes Foods and is located at 940 High House Road.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $13,200,000
• Date: 07/09/2023
• Address: 940 High House Road
• Market: Cary, NC

In this transaction, Northpond Partners purchased the Preston Corners shopping center from the seller, Sun Life Assurance Co of Canada, for a total of $13.2 million. The center, located at 940 High House Road in Cary, NC, is a retail property anchored by Lowes Foods. This acquisition further strengthens Northpond Partners' portfolio in the retail sector.