Columbia Development Group and Lubert Adler have sold the Harris Teeter ground lease at New Bern Marketplace, a 99,839-square-foot supermarket located in New Bern, N.C.
Bussel Realty represented Central Ave. Corporation, the Northeast-based 1031 purchaser.
The Harris Teeter at New Bern Marketplace is one of the most visited stores in the entire chain. According to placer.ai, there are more than 2.8 million annual visits to the New Bern Marketplace and approximately 1.24 million annual visitors to the Harris Teeter, making it the eighth most visited store in the entire chain. Adjacent retailers include Ross Dress for Less, Hobby Lobby, Academy Sports, Five Below, West Marine and ULTA.
Situated at 3565 Martin Luther King Jr. Blvd., the supermarket is located along the highly traveled Dr. Martin Luther King Jr. Blvd., with 37,500 vehicles per day. Positioned along the area’s premier retail corridor, the center brings in regular customers from more than 20 miles a
