Cary-based Solstice Partners LLC and the N.C. Department of Transportation bought three parcels totaling 4 acres at 363, 369 and 375 S. Kerr Ave., P.J. Doherty, a managing partner and broker with Wilmington-based Carolina Commercial Investment Properties, said Tuesday.
Doherty and Bob Lucas, a broker with Wilmington-based Pickett Pointe Properties, represented the sellers during the March 7 transaction totaling $765,000.
The parcels were formerly owned by Wilmington-based B.J’s Construction.
While 3.8 acres was sold to Solstice officials, a 0.2-acre tract is set to close in the coming weeks to NCDOT for $190,000 as right-of-way for the future Kerr Avenue widening project, Doherty said.