Cary’s MacGregor Village shopping center has been acquired by a group of investors, including Blue Ridge Capital Fund, AB&B Commercial Real Estate, and Triland Commercial. The purchase price for the 138,000-square-foot retail center was $30 million. The seller was Washington Prime Group Inc., based in Columbus Ohio.
According to reports from Triangle Business Journal, Washington Prime filed for Chapter 11 bankruptcy in 2021. Yezen Hamad and Gregg Marks of Triland Commercial represented the new ownership group in the sale of MacGregor Village while Tom Kolarczyk and Steele Burkett from JLL represented Washington Prime.
Built in 1986 with six buildings on site, MacGregor Village boasts a diverse mix of restaurants and entertainment options such as Gamers Geekery & Tavern, MacGregor Draft House,Cilantro Indian Cafe,and Asali Desserts & Cafe among others. It is also home to X-Golf Cary (an indoor golf venue), SportHQ (a sports training facility),and Game On Escapes & More (an escape room). Recently added tenants include Apex Racing Lab where visitors can drive simulated race cars.The property has also secured a letter-of-intent with a large pickleball operator.
The retail center’s focus on entertainment makes it an attractive destination for shoppers looking for unique experiences beyond traditional shopping options.Its prime location within Cary adds to its appeal as well.With its recent acquisition at $30 million,the future looks bright for this bustling hubof activityin North Carolina.
