CHARLOTTE, NC – September 5, 2018 – HFF announces the $9.5 million sale of Carolina Row, a 10.93-acre land site within the Crabtree Valley submarket of Raleigh, North Carolina.

The HFF team marketed the parcel on behalf of a private owner.  Kotarides, a Virginia Beach-based real estate company with holdings throughout the Mid-Atlantic, purchased the property.

Carolina Row is located at 4315 Lead Mine Road directly across from the 1.4 million-square-foot Crabtree Valley Mall.  Positioned at the confluence of three major thoroughfares, Interstate 440, Glenwood Avenue/U.S. Highway 70 and Creedmoor/Edwards Mills Road, the property is well connected with major employment and residential nodes around North Hills/Midtown Raleigh, downtown Raleigh and Research Triangle Park.  Carolina Row is currently improved with a 1960s multi-housing community.

The HFF investment advisory team representing the seller consisted of managing director Justin Good, director Sarah Godwin, senior director Allan Lynch and managing director Jeff Glenn.