Heidenberg Properties Buys Triangle Town Place in First North Carolina Acquisition

By Public Technologies
  • Heidenberg Properties acquired Triangle Town Place in Raleigh from RCG Ventures, marking its entry into North Carolina.
  • The 148,538-square-foot shopping center was purchased with partners Norse Realty Group and DG Raleigh.
  • Anchor tenants include Dick's Sporting Goods, occupying 75,000 square feet, and Nordstrom Rack, occupying 31,067 square feet.
  • Occupancy exceeds 92%, with a single vacant endcap of approximately 10,000 square feet.
  • Discussions with prospective national and regional tenants have begun for the vacancy; Raleigh's retail vacancy rate stands at 2.5%.


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