Category: Retail

23 Jun Spotlight on North Carolina Net Lease Restaurant Tenants

In addition to its many retail and office properties, Centrex Properties also manages a net lease portfolio of 10 properties in North Carolina and Virginia. Two of our North Carolina tenants, McAlister’s Deli and Firehouse Subs have been part of our portfolio since 2015. In just three short years both restaurants have become wildly successful and favorites for many locals.

McAlister’s Deli is located at 431 Berkeley Blvd., in Goldsboro, between Ash Street and Cashwell Drive at Crossroads Plaza. The area is a busy shopping and dining destination adjacent to the Berkeley Mall and convenient to the main gate into Seymour Johnson AFB. This location makes McAlister’s a great place for shoppers, neighbors, and friends to grab lunch or dinner. McAlister’s, rooted in southern hospitality, is known for their wide variety of menu options, a quaint and friendly environment, but mostly for their delicious sweet tea. It’s not just a drink, it’s a culture. Stop by and try some!

Firehouse Subs is located at 4111 Ed Drive just off Edwards Mill Road, north of Duraleigh Rd. in Raleigh. The highly traveled area is a popular dining destination for visitors of the PNC Arena seeking to grab dinner before a game or show. Firehouse Subs happens to be across the street from the Centrex office and convenient to Rex Hospital, so it’s a favorite lunch spot too. At Firehouse Subs, subs are only part of the story. In 2017, a portion of every purchase goes to the Firehouse Subs Public Safety Foundation, to be used to provide lifesaving equipment to first responders. Stop by the Raleigh location, where you are always greeted by friendly staff and a “Welcome to Firehouse”!

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26 May Tenant Expansions and Growth at Tryon Village

Business is booming at the corner of Tryon Road and Walnut Street in Cary. The popular shopping destination, Tryon Village, is about to become home to a new Shuckin’ Shack Oyster Bar. Cary locals will soon be able to dine on delicious seafood while they grab a beer with friends. The growing franchise currently has 10 locations on the East Coast, with more in the works.  Shuckin Shack joins NCEENT to complete the new building at Tryon Village, bringing the shopping center occupancy again to 100%.  Both Shuckin Shack and NCEENT plan to open in late 2017.

We are also happy to announce that two of our long-term tenants, Dr. Stapleton, DDS and Pacific Nails, are expanding to accommodate their growth needs. Dr. Stapleton and her team have taken on an additional 1,200 SF, which will bring the practice space to 3,610 SF in total.  Pacific Nails’ expansion into 1,300 SF will allow the busy nail salon to increase their footprint to 2,600 SF.

We and all of the tenants at Tryon Village thank you for your patronage!  If you haven’t yet, come check out Tryon Village and see what all the hype is about!

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27 Mar Construction at Tryon Village Underway

Centrex Properties is proud to announce the commencement of construction for our new 8,708 square foot building in the Tryon Village Shopping Center. Tryon Village, anchored by Harris Teeter, is located at the intersection of Tryon Road and Walnut Street in Cary. The new building sits at the southwest end of the current center and further enhances the existing 103,000 square feet of retail, restaurant, and service opportunities that the community already enjoys at Tryon Village.

North Carolina Eye, Ear, Nose & Throat  (NCEENT) will be the first tenant to move into 6,966 SF of the new building. NCEENT offers Ophthalmology, and Otolaryngology care for patients and they are also active in medical research and the training of new physicians.

NCEENT has five offices in North Carolina. Their main office is a 35,000 square foot state of the art medical office building designed for patient comfort and convenience in Durham, NC. They also serve patients in locations in Chapel Hill, Roxboro, and South Durham. The new location at Tryon Village will be a relocation of their current office in Cary on SE Cary Parkway.  NCEENT  is slated to open during fourth quarter, 2017.  The Tryon Village location will provide patients with a full range of their services, along with a complete optical center.

There is only one unit remaining in the new building at Tryon Village. The space is 1,742 square feet and features an outside patio, perfect for restaurant use.  Centrex will continue pre-leasing efforts at Tryon Village Shopping Center for the remaining 22,000 square feet of retail space.

Take a look at the Tryon Village brochure for information on the current tenant mix as well as all available spaces. Contact the Centrex Leasing Team with any inquiries about availability.

 

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15 Mar Meet Us At ICSC’s Carolina’s Conference

ICSC’s Carolina’s Conference and Deal Making event is right around the corner. From March 20th – 21st, the annual event is a great opportunity for owners, developers, retailers, brokers, lenders, municipalities, property asset managers, and product and service providers to gather under one roof to exhibit, make deals, and form successful business partnerships. As long standing members of ICSC we are excited about this year’s event. Be sure to stop by our booth, #727 to say “hello.”

To make your visit even better, we have put together all of the conference details and materials in one place for you to download.

Need to register for the event? Visit the links below to register now!

Looking forward to seeing you there!

ICSC’s Carolina’s Conference and Deal Making
March 20, 2017 – March 21, 2017
Charlotte Convention Center
501 S. College St.
Charlotte, NC 28202

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21 Feb Spotlight on Lexington, SC’s Hendrix Crossing

Over the past few years Lexington, South Carolina has seen strong economic growth. It is currently the 4th fastest growing municipality in the state, and the retailers at Hendrix Crossing are enjoying the growth.

Located at US Hwy 378 & Charter Oak Drive, the Hendrix Crossing retail center serves the high demographic area of Lake Murray, one of the Midland’s most desirable residential areas as well as Lexington.

Publix Super Market, who was listed as one of the top 20 largest employers in Lexington by the SC Department of Employment and Workforce anchors the Hendrix Crossing retail center. The Florida-based supermarket chain has 57 stores in the state of South Carolina alone with 1,143 stores nationwide.

Publix is a huge draw for the retail center’s other tenants which include: Verizon Wireless, Grand Computers, Subway, Marco’s Pizza, Ultra Tan, Bella Nails, Fuji Grill, Great Clips, and the center’s newest tenant Ship n Print Solutions who opened their 1,500 SF store in October of 2016. Ship n Print Solutions fulfills customers’ packing, shipping, copying, printing, notary, and business service needs of the residents and businesses of Lexington, SC.

The highly traveled intersection of Hwy 378 and Charter Oak Road sees over 22,000 cars per day collectively. Adjacent to Hendrix Crossing are Zaxby’s, Waffle House, Doctor’s Care, and Grow Financial Credit Union. All of these factors contribute to the overwhelming success the tenants at Hendrix Crossing enjoy. For other retailers who are looking for a retail space, there is one 1,425 SF space that remains for lease at Hendrix Crossing.

For businesses that are considering the city of Lexington as a potential location to open a store, the city’s growth record is quite bright. For the fiscal year of 2016 Lexington had $70 million in new construction permits; a 35% increase over the prior fiscal year. In addition, the city expanded their municipal boundaries in 2016, with 16 annexations, encompassing 325 acres of property. Within this, the town welcomed two new schools, Meadow Glen Elementary School and Meadow Glen Middle School. Lexington is one of the fastest growing school districts in the state of South Carolina.

The next time you are in the neighborhood, stop by Hendrix Crossing and visit our stores. We are located at 851 Hwy 378, Lexington, SC 29072.

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27 Jan Palladium at Deep River Captures New Tenant In Growing High Point Market

Centrex Properties is pleased to welcome BenchMark Physical Therapy to Palladium at Deep River. Benchmark added the 1,611 SF space in December of 2016 to their over 220 physical therapy locations across 12 states. BenchMark chose High Point to fulfill a need for more physical therapy providers due to the increased growth in the High Point/Greensboro area.

According to the City of Greensboro’s January 2017 Growth and Development Trends Report, Greensboro’s rate of growth was higher than the state (24.8%) and national (14.2%) rates from 2000-2015. Greensboro grew at 27.4% and High Point at 27.9%. With this growth, Guilford County (High Point/Greensboro) has seen a substantial rise in real estate development activity in both the residential and commercial markets. Between 2014-2015 there was a 54.4% jump in commercial property permits. From 2010 to 2015 the value of new commercial construction in Greensboro increased significantly by 44.7%. Apartment construction values rose to an astounding 123%, while single-family residential increased by 48.5%, proving the area continues to be on an upwards swing for growth. Most notably, in the commercial sector, the area has several large distribution and manufacturing facilities planned to accommodate the increasing need for this property type.

Currently, Centrex Properties has one remaining space available at Palladium. With 3,439 SF, the space is perfect for an office/flex tenant. Centrex is currently offering excellent leasing incentives for this space.

Palladium at Deep River is a 60,300 SF retail/office center strategically located in the desirable Palladium Park area of High Point to serve both Greensboro and High Point. The center’s tenants enjoy fantastic exposure to West Wendover Avenue with 30,649 vehicles per day. Palladium at Deep River is surrounded by residential, shopping, and office properties and is anchored by Food Lion. Adjacent to the center are national tenants such as Walgreens, Office Depot, Zaxby’s, and Burger King.

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12 Jan Cornerstone Village Welcomes H Mart

On December 22nd of 2016, Cornerstone Village shopping center in Cary was a buzz. At long last, H Mart opened its doors for the first time. The Cary location is the company’s first store to open in North Carolina. H Mart is a New Jersey-based grocery chain specializing in Korean and Asian foods and currently operates 56 stores in the US.

In addition to H Mart’s groceries, extensive fresh produce, and seafood selection, they have several in-store food retailers to fill the 46,000 square foot former Lowe’s Foods space, including:

  • Kang Nam Town: South Korean restaurant chain
  • Deli Manjoo: Snack vendor
  • BBQ Chicken: Korean style chicken
  • Thai Pantry: Thai cuisine
  • don-Don: Udon-Donburi noodles
  • Tuski: Ramen and Japanese food
  • SGD Tofu House: Korean style soup
  • Tous Les Jours: Full-service bakery

Other tenants at Cornerstone Village include Rudino’s, Fantastic Sams, My Eye Doctor, Sun Tan City, Burn Bootcamp, Nazara Indian Bistro, Doherty’s Irish Pub & Restaurant, Crema Coffee, Ancient Arts Family Karate and Crystal Smiles Family Dentistry. The Tenants are very excited about H Mart’s arrival and all the shoppers it will bring to the center.

Cornerstone Village Shopping Center is located at the intersection of High House and Davis Drive in Cary. Stop by and check out the new H Mart and its neighboring Tenants! While you are there, don’t forget to visit their cafes for some genuine Asian and Korean cuisine!

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12 Dec Spotlight on Croasdaile Commons Restaurants


Hungry holiday shoppers who visit Croasdaile Commons in Durham are in for a real treat. The restaurants at Croasdaile are all hidden gems, and we recommend you stop in for a bite.

Bleu Olive Mediterranean Bistro is a new Mediterranean Bistro from the owners of Papas Grille in Durham, NC. They specialize in Greek and Mediterranean, sandwiches, seafood, and vegetarian dishes. Bleu Olive is open for brunch, lunch, dinner, and also offer catering. Try their B.O.M.B burger or Chicken Shawarma – they’re our favorites. www.bleuolivebistro.com

If Mexican food is what you are craving, El Corral’s extensive menu offers lots of options. From nachos, salads, burritos, enchiladas, quesadillas, fajitas, tacos, to lunch specials and much more – there’s something on the menu for carnivores and vegetarians alike. El Corral is open for lunch and dinner, so swing by for your next meal. www.el-corral.net

Melo Trattoria and Tapas is a cozy Italian restaurant where you can grab a quick lunch or have a leisurely dinner and glass of wine. From pasta, chicken, lamb chops, fish, steaks and tapas – you will find delicious and artistically prepared dishes for everyone. Try their Shrimp Mojo Al Ajo or the Conchitas A La Parmesana tapas – they’re to die for! But don’t fill up; save room for one of their delectable desserts or a coffee cocktail. Melo Trattoria offers catering services as well. www.melotrattoria.com

China King is a quaint Asian restaurant that serves an array of Asian cuisine. Besides having traditional Chinese dishes like Szechuan, Moo Shu, and Chow Mein, they also offer “Slim, Trim and Healthy” options. Grab lunch or dinner and try their mouth watering Dumplings and Hot and Spicy Chicken!

Croasdaile Commons is located at 1821 Hillandale Rd. at the intersection of Hillandale Rd. & Front St., just off of Interstate 85 in Durham.

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11 Nov Spotlight on Market Square

As we enter the busy holiday season, the tenants at Market Square in Goldsboro are gearing up to make their customer’s lives bright and cheerful. The center is home to national and regional tenants as well as locally owned stores.

For those out and about doing their holiday shopping, Market Square has lots to offer. You can find all the fixin’s for a feast at Carlie C’s IGA. Their “just like grandma used to make” signature specialty items will make holiday dinners delicious and easy. Pick up one of their yummy Nine-Layer cakes; fresh pecan pies, and their famous country ham, still salted by hand. Don’t forget your greens! Mr. Carlie C’s grandson grows fresh collards and slow cooks them to perfection. While you’re there, feel free to stop by the deli for a sample of their famous chicken salad and pimento cheese.

Looking to add some sparkle for someone special? Alan Sutton Jewelry is the perfect place to find a gift. With many designer brands and styles to choose from, Alan Sutton’s team of jewelry and diamond experts can help you choose the perfect gift!

Calling all gentlemen – Cannon’s Men Shop can help you look your best for the holidays. Whether you need a tux, a new suit or just something special to wear, Cannon’s has a great selection no matter what the occasion.

Ladies, if you’re looking to get that perfect style for your upcoming event, then Ultimate Raaz Hair Salon has you covered. Their team of professional stylists are ready to make you look gorgeous for the holidays. Then head over to VM Nails to finish off the new look with a fresh manicure.

Hungry holiday shoppers can stop by Hwy 55 Burgers Shakes & Fries, Golden Star Chinese, Dairy Queen, or Quiznos to fuel up before heading out to do their shopping.

Market Square proudly welcomes its newest tenant, Strickland Insurance & Brokerage, opening in January.

From all of the tenants at Market Square, we wish you a warm, happy and safe holiday!

Market Square is located in the town of Goldsboro, North Carolina, at the intersection of Wayne Memorial Drive and Hwy 70.
Only one vacancy remains! Contact the leasing team at Centrex Properties, Inc. for more information.

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20 Oct Centrex Properties Welcomes New Tenants At Traemoor Village In Fayetteville, North Carolina

Traemoor Village, located on Rockfish Road in Fayetteville, is a 76,325 SF neighborhood retail center serving Fort Bragg and Hope Mills. With the recent influx of residents and growth in the area, retailers are anxious to make this popular shopping center their home. Traemoor Village, anchored by Harris Teeter, has excellent visibility with great, value-add tenant mix (including McDonald’s and CVS). These attributes continuously drive increased traffic and improved customer base.

These factors played a significant role in the decisions of the center’s newest tenants when they chose to make Traemoor Village their new home.

Centrex Properties is thrilled to welcome our latest tenants to Traemoor Village:

– 9 Round Boxing Studio, a national franchise offering 30-minute kickboxing circuit training;
– Hokkaido Express, locally owned restaurant offering Japanese/Chinese cuisine;
– Resound Yoga, locally owned, moved into their new home when they outgrew their Raeford studio. Come check out their premium “Zebra Flooring”;
– Tropical Smoothie Café is not just for smoothies anymore! Slated to open in early 2017, Tropical Smoothie will offer sandwiches, wraps, salads and smoothies.

What’s left for lease at Traemoor Village? As of October 2016, there is one remaining in-line space consisting of 3,615 SF. The unit can be divided into 2-3 bays. There are also two out parcels available for ground lease – an .80 acre parcel fronting Lakewood Drive, and a .96 acre parcel fronting Rockfish Road.

Contact Centrex Properties’ Leasing Team for more information about these great lease opportunities before they are gone.

Traemoor Village Brochure

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24 Feb Why Everyone is Talking About Cornerstone Village Shopping Center In Cary

Centrex Properties’ Cornerstone Village Shopping Center in Cary is the new home of the first H Mart in North Carolina. H Mart is a grocery chain specializing in Korean and Asian foods and currently operates more than 40 stores in the US.

Residents across the Triangle are excited that H Mart chose Cornerstone in Cary for the location of their first ever North Carolina store, and are anxiously awaiting the store’s opening. The new grocer has started renovations to the 45,488 square foot former Lowes Foods space and is currently scheduled to open mid-2016.

But the excitement surrounding Cornerstone Village doesn’t stop there. The Shopping Center was also recently recognized as the “Triangle’s Top Retail Lease in 2015” by the Triangle Business Journal. CBRE/Raleigh assisted Centrex Properties in bringing H Mart to Cary with a 15-year lease, valued at $11M.

Cornerstone Village Shopping Center is located at the intersection of High House and Davis in Cary, and is also home to Rudino’s, Fantastic Sams, My Eye Doctor, and Sun Tan City, to name a few. Unfortunately, tenants who are anxious to join H Mart in the Shopping Center will have to get on the waiting list, as Cornerstone Village is currently fully leased.

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