A prime shopping center in Chapel Hill, NC has been purchased for $13.35 million by a New York real estate development company. The Kalikow Group is partnering with Argus Development Group, which will manage the property and improvements. Updating the 113,000-sqft plaza's exterior will cost $1.5 million
Chapel Hill shopping center's prime location is on US-Hwy 15-501 aka Fordham Boulevard. The 30-year-old Rams Plaza tenants include Food Lion and CVS Pharmacy, among others.
