Liliana Ballance Acquires Retail Properties On North Person Street In Raleigh For $2.7M

The retail property located at 616 and 612 North Person Street in Raleigh, NC was sold for $2,700,000. This asset encompasses a total area of 5,246 square feet, with a price per square foot amounting to $515. The property includes cocktail bars William & Company and La Veladora, and was previously occupied by Custom Engraving & Trophy, which has since relocated to Garner.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,700,000
• Buyer: Liliana Ballance
• Square Footage: 5,246
• Price per Square Foot: $515
• Address: 616 & 612 North Person Street
• Market: Raleigh, NC

Liliana Ballance acquired the property after exercising a first right of refusal in her lease. She owns the cocktail bars located within the building, signifying her direct involvement in the property's commercial activities.