We are excited to announce the successful sale of three outparcels at Broadstone Station, a prominent residential mixed-use development located at the busy intersection of US 1 and NC 55 in Apex, NC. Anchored by a Walmart Supercenter and over 600 residential units, Broadstone Station has proven to be a prime location for commercial growth.
David Batten, Vice President and Broker-in-Charge at APG, along with Geoff Loftin, Vice President, represented the seller in these significant transactions throughout 2024.
- August 2024: Lot 10A, a 5.7-acre outparcel fronting Apex Peakway, sold for $2M ($350,877/acre) to a hotel developer. The site is planned for a hospitality and retail mixed-use development.
- March 2024: Lot 8, a 2.15-acre parcel, sold for $2.15M ($1,075,000/acre) to a Greensboro-based developer. This site will feature a retail neighborhood center.
- January 2024: Lot 3, a 1.5-acre tract where a Sherwin Williams store is currently under construction, sold for $800K.
The seller, Kite Realty Group, a leading public REIT headquartered in Indianapolis, is one of the largest U.S. owner-operators of open-air shopping centers and mixed-use properties.
These sales reflect the growing demand for strategic commercial spaces in Apex, and we are proud to have facilitated these key transactions.
To view additional outparcels for sale in Holly Springs and in east Raleigh, reach out to David Batten at apgcre.com.
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