JLL, as an exclusive advisor, is pleased to offer for sale the newly constructed, 100% occupied, Twin Lakes Center (the “Property”), located in Cary, NC, the second-fastest growing city in the state. The Property consists of 20,244 square feet of retail space anchored by a Wegmans, and is adjacent to two premier residential developments, which will add hundreds of new housing units to the immediate area. As the newest constructed retail center along Davis Drive, Twin Lakes Center is becoming the nucleus for local development projects.
• Anchored by a Wegmans, Twin Lakes Center is in a growing area of Cary that is slated to see over 3,200 new multi-family units constructed in a 3 mile radius. This includes Greystar’s Overture project, which is adjacent to the Property and opened in 2021, featuring class A units for 55+ active adults. adults. Additionally, just steps from the Property, SunCap is currently under construction of a 230 unit luxury multi-family project.
• Income Security in NCREIF’s #2 Market for Retail over the last 3 years (Raleigh, NC).
• 8.27 Years WALT
• Twin Lakes Center is located in close proximately to several major recent employment announcements in the market including Google, Epic Games, and Apple’s East Coast Headquarters which together will bring more than 4,000 jobs to the surrounding area.