Towne North Plaza

Raleigh, NC


Retail Shopping Center
103,473 Square Feet


  • Purchased expansion pad to build additional 6,800 SF of retail space
  • Expanded Kroger from 32,720 sf to 57,353 SF; $4 million spent on renovations
  • Secured new 25-year lease with Kroger
  • Renovated store fronts, tied into public sewer/water
  • Refinanced mortgage
  • Renovations to Kerr Drug ($600,000) including addition of drive-through window