$86.7M Sale Seals Knightdale Marketplace's New Owner

JLL has arranged the sale of Knightdale Marketplace, a 323,113-square-foot super regional shopping center in metro Raleigh. The property was sold to Invesco Real Estate for $86.7 million.

The shopping center is shadow-anchored by Target and The Home Depot and features a diverse tenant mix, including Academy Sports + Outdoors, Best Buy, T.J. Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart, Barnes & Noble, Starbucks, Five Guys, Jersey Mike’s, Qdoba, Tropical Smoothie Cafe, Subway, and Visionworks.

The center also includes outparcels leased to Wells Fargo, Arby’s, and Saltgrass Steak House. Knightdale Marketplace was fully leased at the time of sale, providing a stable income stream for its new owner.