Vijay Shah of Unified Commercial Real Estate, a Triangle-area commercial real estate brokerage, represented Heritage Realty of Chapel in their purchase of the Shoppes at Heritage in Wake Forest.
Shah, a Certified Commercial Investment Manager, negotiated the $3.7M transaction. The fully-leased, 22,000SF retail center in Wake Forest boasts a strong mix of tenants, such as Little Caesar’s, Da Vinci’s Pork Store, O’Dwyer’s Irish Pub, 101 Wine and Triangle Dry Cleaning. Several tenants recently signed renewals, underscoring the success of the Wake Forest retail center.
Heritage Realty of Chapel was seeking to invest in 100% leased incoming-producing asset in the Raleigh-Durham area. With twenty years of commercial real estate experience specializing in retail leasing and investment sales, Shah utilized Unified Commercial’s custom real estate database to connect Heritage Realty of Chapel with the properties that best fit their investment strategy.
About Unified Commercial Real EstateUnified Commercial Real Estate is based in Raleigh, NC. A full service real estate brokerage firm with a national scope, Unified Commercial focuses on single and multi-tenant retail, hotel and retail development, as well as leasing transactions. Real estate investments are more than just a rent roll and cap rates. Unified Commercial is a member of Retail Brokers Network, an invitation only network whose members specialize in retail real estate. www.uncre.com
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