This Retail Property is Off-Market.

At Interstate 40 and Hwy 15-501
Durham, NC 27707 ·

35,000 SF · Retail For Sale

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Patterson Place Shopping Center - Phase II RETAIL

Price N/A Property Use Type Investment
Building Size 35,000 SF No. Stories 1
Property Type Retail Lot Size 52 AC
Property Sub-type Street Retail
Listing ID: 16276085 Date Created: 06/11/2009 Last Updated: 08/12/2010

Description

Exciting new mixed-use development located in the heart of the Triangle (at Hwy 15-501 & I-40). Phase I of Patterson Place is comprised of over 460,000 sf of retail and restaurant space and was completed in the Fall of 2004. It is anchored by Kroger, Bed Bath & Beyond, Total Wine, AC Moore, PetsMart, and DSW. When complete, Phase II will include 35,000 sf of retail and restaurant space; 60,500 sf of office space that will include 31,000 sf of medical office spaced lease to Duke Private Diagnostic Clinic; and a 130-suite Spring Hill by Marriott hotel. When fully developed, Patterson Place will include over 575,000 sf of big box, junior box, shop retail and restaurants, along with a hotel and 100,000 sf of office on over 52 acres of property. Patterson Place is also the cornerstone of a 200-acre master planned development which ultimately will feature 700,000 sf of office and up to additional residential units. Construction has begun on Phase II. Expected delivery 4th quarter 2009!

Strategically located in the heart of the Triangle, at Interstate 40 and Highway 15-501. Less than a quarter of a mile from the Chapel Hill city limits, boasts a great demographic profile, and provides easy access to the entire Triangle area.

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At Interstate 40 and Hwy 15-501, Durham, NC 27707 (Durham County)

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