In a joint venture with North Grove Real Estate Capital (led by Michael Crandall and Dustin Cahan), we partnered with Northpond Partners in the off-market recapitalization of Gateway Plaza, a 74,967 square foot, multitenant community-oriented center in Raleigh, NC.

Originally constructed in the 1960s, the property underwent significant, thoughtful updates over the past four years, transforming it into a dynamic, highly sought-after location. Gateway’s tenants include a diverse mix of retail, service, coworking, and dining establishments. The investment was a unique opportunity to recapitalize a robust, but poised-for-growth, asset and diversify our retail footprint into a new market.