Jay Klug & Paul Kang Of Granite Canyon Partners Acquire Retail Center In Winston-Salem For $9.6M

The property involved in this transaction is an 86,380-square-foot retail asset located at 2690 Peters Creek Parkway in Winston-Salem, NC. It was sold for $9,600,000, equivalent to $111 per square foot, and encompasses 8.8 acres. The shopping center, known as Brewer Crossing, is anchored by Gabe's and includes five additional tenants, set in a local retail market characterized by a vacancy rate of 4.2% in Q2, which is below the national rate of 6%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,600,000
• Buyer: Jay Klug & Paul Kang - Granite Canyon Partners
• Seller: Southside Associates NC LLC
• Date of Transaction: 10/14/2026
• Location: 2690 Peters Creek Parkway, Winston-Salem, NC
• Acres: 8.8
• Square Footage: 86,380
• Price per Square Foot: $111

In this transaction, Jay Klug and Paul Kang represented Granite Canyon Partners, marking their first investment in the Triad area. The seller of the property is Southside Associates NC LLC, indicating a transfer of ownership within the local retail market.