Murfreesboro, NC Joel Gorjian, a national real estate investor and president and CEO of Gorjian Acquisitions, has completed the purchase of the Chowan Village shopping center located at 831-839 West Main St. on U.S. Highway 158. The Lundy Group represented the seller, a lender who obtained the property through a foreclosure.
“The 25,625 s/f Chowan Village is anchored by Family Dollar and Subway sandwich shop. We are aggressively pursuing local, regional, and national tenants for the shopping center…,” said Gorjian.
The shopping center is located between the I-95 and the Outer Banks.
Gorjian Acquisitions is a privately held commercial real estate investment and management firm headquartered in Great Neck, N.Y.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,