Former Lofts at Randall Parkway site sold

A corner lot at the intersection of Randall Parkway and South Kerr Avenue that was once poised for a student housing development has new owners, according to a broker involved in the transaction.

Former Lofts at Randall Parkway site sold

A corner lot at the intersection of Randall Parkway and South Kerr Avenue that was once poised for a student housing development has new owners, according to a broker involved in the transaction.

by Carolina Commercial Investment Properties

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.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

Top