Downtown Raleigh Publix Property Listed for $20.3 Million
The Publix grocery store located in Downtown Raleigh's Smoky Hollow neighborhood has been listed for sale with an asking price of $20.3 million, according to real estate listing materials.
Source: facebook.com
The Publix grocery store located in Downtown Raleigh's Smoky Hollow neighborhood has been listed for sale. The asking price for the property is $20.3 million, according to materials associated with the sale.
Listing details also indicate that the Publix store recorded $34 million in sales during 2024.
The Triangle Business Journal is a regional business news publication covering the Raleigh-Durham-Chapel Hill area of North Carolina, part of the American City Business Journals network. It focuses on commercial real estate, economic development, and company expansions.
Why it matters — The sale of a major grocery store property in Downtown Raleigh could impact local retail options and real estate transactions in the area.
⚠ Not yet confirmed
- Wolfspeed's reorganization plan was approved by a judge on September 8.
- Wolfspeed is expected to emerge from bankruptcy in the next several weeks.
- Wolfspeed laid off 73 employees in June, approximately one-third of its workforce at the plant near Siler City.
- The $5 billion Wolfspeed facility on 445 acres produces silicon carbide materials.
- Wolfspeed completed the facility in late March 2024.
- The North Carolina General Assembly appropriated $57.5 million to the state commerce department to help prepare the site for Wolfspeed.
Reported by facebook.com, bizjournals.com, finance.yahoo.com
