PGP has sold its Stratford Plaza property in Burlington, NC for $2,500,000.
CHAPEL HILL, N.C., Dec. 18, 2024 /PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a Chapel Hill, NC-based private equity real estate firm, has sold its Stratford Plaza property in Burlington, NC, for $2,500,000. The 20,250-square-foot neighborhood retail center was purchased in January 2020 for $1,815,000.
"We have made several improvements over the last four years and were very happy with the operation of Stratford Plaza at the time of the sale, said Tom Hahn, President of Prudent Growth Partners. "The upgrades gave us this opportunity to close the deal, which led to another good return for our investors. We wish the new ownership group success in the future."
Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and that provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.
Prudent Growth Operations, LLC is a full-service commercial property management company with a hands-on approach to serving our properties. Our team of professionals has one goal in mind: to create success and value in everything we do for our residents, tenants, and investors.
Media Contact
Tom Hahn, Prudent Growth Partners, LLC, 919-280-5641, [email protected],
SOURCE Prudent Growth Partners, LLC
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