June 28, 2019

Boston firm buys Apex shopping center for $53M

A shopping center in Apex has changed hands after a Boston-based investor bought the property for over $50 million earlier this month.

Long Wharf Capital paid $52.75 million for Beaver Creek Crossings shopping center off US Highway 64 in Apex.

The property contains numerous retail locations including Dicks Sporting Goods, Old Navy, Regal Cinemas and others, all across six tracts that make up the shopping center.

Any plans Long Wharf may have for the property, if any, are unclear, and the company did not return calls for comment.

Beaver Creek Crossings was previously owned and developed by SITE Centers, formerly known as DDR Corp.

 It opened over a decade ago in 2006.

 DDR, now SITE Centers, developed the center in a joint venture with 1st Carolina Properties.

The project was anchored by a movie theater and a Dicks Sporting Goods.

 By Caleb Harshberger  – Staff Writer, Triangle Business Journal