NOTABLE DEALS



Shopping Center Purchase Upon completing the sale of a commercial building, Morisey Commercial successfully completed a 1031 Tax Deferred Exchange with the proceeds by purchasing  a 17,200 square foot multitenant retail building located in the Brier Creek community of Raleigh, NC.

 

Shopping Center Sale - Sold North Market Square Shopping Center, a 33,624 square foot neighborhood retail center located in Raleigh, NC.


Apartment Community Sale – Sold Boundary Village Apartments, a 186-unit apartment community located in Cary, NC. 

 

Apartment Community Sale – Sold North Forest Apartments, a 112-unit apartment community located in Wake Forest, NC.


Apartment Development – Partner in the development and construction of Meridian at Wakefield, a 369-unit Class A apartment community located in Raleigh, NC.

 

Retail 1031 Exchange Upon completing the sale of a 3.52 acre O&I lot, Morisey Commercial successfully completed a 1031 Tax Deferred Exchange with the purchase of a 6,400 square foot multitenant retail building located at the main entrance of a Walmart Supercenter.

 

$7,300,000 1031 Exchange - After assisting the lead broker in the sale of Regency Place Apartments - a 128 unit apartment community located in Durham, NC -  Morisey Commercial successfully completed a 1031 Tax Deferred Exchange with the purchase of a $7,300,000 replacement property.



Commercial Building SaleSold a 4,352 square foot commercial building to a dentist and successfully completed a 1031 Tax Deferred Exchange with the proceeds by purchasing a multitenant shopping center.
Commercial Building SaleSold an 8,500 square foot commercial building and lot to a national retailer.