News
CRE GROUPS SNAP UP RAMS PLAZA
January 12, 2012
| New York-based The Kalikow Group, in a JV with Charlotte-based Argus Development Group, just bought the 113k SF grocery-anchored Rams Plaza shopping center in Chapel Hill for $13M. | ||
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| The team, along with a Florida investor called BCP Rams Plaza, goes by the name Rams Plaza Associates. It plans a $1.5M makeover of the fa ade and tenant spaces, Argus? Stan Garnett tells us. The 30-year-old center is about 95% occupied and anchored by Food Lion and CVS. Argus will be responsible for renovations and property management and will be co-marketing the property with Raleigh-based Retail Strategies. | ||
