Rams Plaza
Chapel Hill, North Carolina - 2011
Joint Venture with Argus Development Group and BCP Rams Plaza
Project Sold to Austin Sumner Properties for $21.55m
Partners
Argus Development Group
Bank
Arbor - $10,000,000 (Acquisition Loan)
Property Information
Rams Plaza is a 14 acre, 113,000 square foot neighborhood shopping center in Chapel Hill, North Carolina, located two miles from UNC. Rams Plaza is 96% leased and anchored by Food Lion and CVS. Other current tenants include: Bailey’s Pub and Grill, Tire King, Tuesday Morning, Super Cuts, Bouncing Bulldogs, Dance Design, Eclipse Tanning, Jean Woods, DDS, Ladies Fitness & Wellness, Logen Shipping & Mailboxes, Simply Nails, The North Carolina Family Doctor and The Better Sleep Store.
Equity Raised
$5,000,000
Additional Information
Real Estate Weekly: Six-year Turnaround Pays Off for Retail Investors
Globe St.: Kalikow Joint Venture Snaps Up Coveted Chapel Hill Shopping Center