CBRE is pleased to have arranged the sale of Market 150 in Kernersville, North Carolina for $6,575,000. Mike Burkard and Steve Shields of CBRE’s Charlotte, NC office exclusively represented the seller, Magnolia Property Group in the transaction.

Market 150 is a high profile, newly redeveloped 13,316 square foot convenience strip center anchored by Starbucks, Chipotle, AT&T and Mattress Firm. The property is ideally located in the heart of Kernersville’s primary shopping corridor at the main entrance to Target.  

A Connecticut-based private investment group purchased the property.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com

About Magnolia Property Group
Magnolia Property Group (“MPG”) was founded in 2005 by T. Martin Fridy, Myles H. Wilkinson and Todd H. Snyder.  MPG’s mission is to provide project management services for real estate owners, developers, investors, and lenders and to generate new retail development projects throughout the southeastern United States.  More information on MPG’s services and projects can be found at www.magnoliapropertygroup.com and www.corporatepropertygroup.com