Updated Oct 27, 2026
Robert Heidenberg Of Heidenberg Properties Group Acquires Retail Center In Raleigh For $28.4M
3630 Sumner Boulevard
$28,400,000
$185/SF
Building Size
153,350 SF
Asset Type
Retail
Closing
Oct 27, 2026
About this deal
AI
The property asset involved is Triangle Town Place, located at 3630 Sumner Boulevard, Raleigh, NC. This retail center spans 153,350 square feet and is situated on a 14.4-acre site. The transaction occurred for a total amount of $28,400,000, equating to a price per square foot of $185.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $28,400,000
- Square Footage: 153,350
- Address: 3630 Sumner Boulevard
- Market: Raleigh, NC
- Acres: 14.4
- Buyer: Robert Heidenberg - Heidenberg Properties Group
- Seller: Michael Klump - RCG Ventures
- Broker: Thompson Brown - Berkeley Capital Advisors
This deal marks the first acquisition in North Carolina for Heidenberg Properties Group. The transaction involved notable retailers including Dick’s Sporting Goods, Nordstrom Rack, DSW, and Dollar Tree. Berkeley Capital Advisors represented the seller, RCG Ventures, while The Shopping Center Group handled the leasing aspects of the property.
On the Map
$28,400,000
$185/SF
Retail
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Players
Raleigh Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93