Top Land Sales Transactions - Triangle Business Journal:

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Kite Realty plans to builde a retail power center called New Hill Placed that is expected to be anchored bya 132,500-square-foog SuperTarget store. Partners with Wardson Construction in doing business asSpring Investors, also got in on the deal and purchaserd 21.7 acres adjacent to Kite’s land at a pricee of $1.28 million for future residential construction. The deal bumpef up the total value of the New Hill Placwe land assemblageto $15.5 million, accordinyg to Wake County records. New Hill land sellers were led by Jae Shin Kim and Jin Sok So of the family ofRuby J.
Ransdellp and the family of John Henry Geoff Loftin, associate vice and Frank Quinn, executive vice president, of Anthony Co. Oncor International in Raleigh represented Hollgy Springs Shopping Center LLC in the sale of 125 acreasto Kite. Charlie Grady of Coldwelll Banker Commercial Advantage of Raleigh and Brendqa Compton of Hartwell Realtyg in Garner represented othefr landowner investors with smaller stakes inthe deal. Seconr Place: Wake Technical Community College in July purchasede 55 acres near the intersectionof N.C. 54 and Watkin s Road in Morrisvillefor $8 million.The schooo plans to build a third campusx in Wake County near the southermn edge of Research Triangle Park.
The sellerr was , a group led by Granite Development principals Rick Vaughn and Craig Huntet ofMount Airy. Wake Tech purchased an additional seven acreas in Octoberfor $500,000 from the heirs of Pearl according to Wake County records. Kyle Greer of in Raleigj represented Wake Tech in its McQueen Campbell of also was a consultant on the Wake Tech is developing plans to open the firstg buildings at the Morrisville campusin 2011. At the campus will be able toaccommodats 10,000 students annually. of Wichita, Kan., paid $1.9 million for 5.74 acres off N.C.
54 southg of Carrington Mill Boulevard in the Perimetee Park office development in December 2007 with plans to builrd its firstHotel Sierra-branded hote in the Triangle. Lodgeworks, doing busineses as , began construction on the Morrisvillse property in August 2008 and expectws to open the hotel in the fourth quarter of says Lodgeworks spokesmanBrad Lob. The four-storyy hotel will have 140 guest rooms.
, which sold the was represented by Barry Bowling of in Jim Allaire of in Raleigh represented Lodgeworks in its landpurchase