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Cary, NC Landmark, MacGregor Village, sold to Blue Ridge Capital Fund for $30.24M

Blue Ridge Capital Fund (BRC Fund) is thrilled to announce its acquisition of MacGregor Village, a premier retail property at 107 Edinburgh South Drive, Cary, NC, for $30.24 million. This acquisition marks the fund's second purchase and flagship property since its launch in Q1 2024, showcasing a significant milestone in our strategic growth.

CARY, NC / ACCESSWIRE / June 10, 2024 / A Landmark Investment for a Promising Future

MacGregor Village, encompassing 138,276 square feet of leasable space, is strategically located at the bustling intersection of US Highway 1 and US Highway 64 just south of MacGregor Downs Country Club. This premier property, boasting a rich tenant mix including Gamers Geekery & Tavern, Orangetheory Fitness, Sola Salons, X-Golf, SportsHq, Apex Racing Lab, Wasabi, and MacGregor Draft House, underscores their commitment to enhancing community experiences and providing diverse retail, dining, and service options. Yezen Hamad, Principal and Broker-In-Charge at Triland CRE, mentioned a large pickleball operator has signed a letter of intent at MacGregor Village as well.

"We are very excited about the tenant mix that is considering the center," said Hamad.

Strategic Growth Through Collaborative Expertise

The combined efforts of Triland CRE, Blue Ridge Capital Fund, and AB&B Commercial Real Estate (AB&B) are dedicated to maximizing MacGregor Village's potential through strategic planning and development.

"The first time I came to Cary over 20 years ago, MacGregor Village was the first shopping center I visited. It holds personal significance to me, and I believe in its potential for future growth," said Hamad.

"MacGregor Village represents a home run for our team and investors further exemplifying the incredible collaborative chemistry between Triland, AB&B, and the Blue Ridge Capital Fund," said Jimmy Ricard, General Partner at the BRC Fund. "This acquisition is just the beginning. We have two more properties under contract, targeting Q3 2024 closings. Our upcoming acquisitions, including medical and retail developments, showcase our commitment to strategic diversification and long-term high-impact investments. Yezen Hamad and his team at Triland understand our strategies very well and continue to be a major difference maker for our team!"

Why Invest with Blue Ridge Capital Fund?

  • Proven Track Record: With over $250 million in assets under management across 20+ properties, the principals have a 15-year history of success.
  • Strategic Investments: Specializing in high-end dental and underutilized commercial properties ensures diverse and robust investment opportunities.
  • Data-Driven Insights: Their investments are backed by advanced analytics, enabling informed decision-making and optimal location selection.
  • Collaborative Partnerships: Strong partnerships with Class A Medical clients and other industry leaders amplify their reach and impact.
  • Future Growth: Their aggressive yet risk-adjusted growth strategy includes additional medical development properties under contract, ensuring continuous expansion and increased returns.

About Blue Ridge Capital Fund

Blue Ridge Capital Fund focuses on high-end dental and underutilized commercial property investments in the Mid-Atlantic market. Their deep industry expertise and data-driven insights drive exceptional value and sustainable growth. Led by Dr. Hesham AbdelBaky, Gerhard Renner, and Jimmy Ricard, the fund aims to raise $100 million within 18 months of its Q1 2024 launch.

Join Us in Redefining Success

Investors are invited to join them on this exciting journey. With a strategic vision, proven track record, and commitment to excellence, Blue Ridge Capital Fund offers unparalleled opportunities for growth and success.

About AB&B Commercial Real Estate

AB&B Commercial Real Estate, a vertically integrated and rapidly growing commercial real estate fund in North Carolina, focuses on sourcing, acquiring, repositioning, and operating real estate assets. AB&B serves as the portfolio manager for BRC Fund and collaborates with Lee & Associates for property management at MacGregor Village, delivering remarkable tenant experiences and ROI for stakeholders.

Contact Information

For more information, please visit www.abbcre.com.

Media Inquiries: Email: marketing@abbcre.com

Investor Inquiries: Email: investor@brcfund.com

Acquisitions, Dispositions and Leasing: Email: info@trilandproperty.com

AB&B Commercial Real Estate
Redefining Success in Commercial Real Estate.

Note to Editors: High-resolution images of MacGregor Village and interviews with our executive team are available upon request.

SOURCE: AB&B Commercial Real Estate



View the original press release on accesswire.com

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