New Development Activity in the area

Discussion in 'Discussion Group' started by jesse82nc, Aug 14, 2020.

  1. markfnc

    markfnc Well-Known Member

    Triangle Biz Journal had an article that the DQ bldg. was sold. The previous owner had bought for $2.4 million in 1999 and has sold for $1.8 million. It's a pay site so i can't post link.
    jesse82nc likes this.
  2. jesse82nc

    jesse82nc Well-Known Member

    I read that this morning:

    An aging strip mall in a high-traffic area of Johnston County has a new owner.
    An LLC tied to commercial real estate developer Woodhaven Development Group, which has offices in Raleigh and Charlotte, purchased the 1.8-acre Cleveland Commons strip mall at 5560-5596 Highway 42 W. for $1.85 million on Sept. 5, according to Johnston County deed records. The land is in a prime location near Interstate 40 in addition to N.C.Highway 42.
    The mall currently has numerous vacancies, as several tenants have closed in recent years. For example, Dairy Queen closed its doors in the strip mall in December 2022 after being in business for 24 years. It was one of the original tenants in the shopping center, which opened in 1998.
    Zack Kosofsky, a partner with Woodhaven Development Group, declined to comment on the developer's plans for the property.
    The previous owners, Garner-based Cleveland Village LLC, purchased the property in 1999 for more than $2.25 million, according to Johnston County deed records – meaning they bought the strip mall for around $400,000 more 24 years ago than they sold it this month.
    The Cleveland Commons strip mall isn't the only property in Johnston County that has changed hands recently.
    An LLC tied to Canadian real estate development company Great Gulf purchased more than 272 acres of land in Johnston County for around $14 million on Aug. 31, according to county deed records. The plot of land is near the small town of Wilson's Mills between Strickland Road and U.S. Highway 70 Business. Great Gulf is the third owner of that land, which has been marked for 850 homes as part of a large subdivision, in the last two years.
    markfnc likes this.
  3. markfnc

    markfnc Well-Known Member

  4. markfnc

    markfnc Well-Known Member

    Not sure if posted before, but there is a Philly cheese steak place back behind the Hampton inn 40/42.
    A Taste of Philly 4 U
    141 Technology Dr, Garner, NC 27529
    A Taste Of Philly | Cheesesteak | Garner, NC (
    We went Saturday night, got it to go. It was very good. He said he had the food truck up at the food lion (40/42) before. Also has hamburgers, Italian Sausage and steak and chicken Philly. Sit down area inside too.
    lgb0250 and BuzzMyMonkey like this.
  5. markfnc

    markfnc Well-Known Member

    (1) Garner, NC - YouTube
    video from buckeye drones, same guy who has done those 540-drone video. this is Garner, shows a lot of the apartments going in at 70/Yeargan rd. and the VA clinic on 50.
    Rockyv58, jesse82nc and BuzzMyMonkey like this.

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