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Freedom Town browsing Centre in Fayetteville sells for $72.5 million

Freedom Town Center in Fayetteville opened in September 2017.

Freedom Town Heart, a single of Fayetteville’s most prominent shopping facilities, was not too long ago bought. 

The Skibo Highway browsing heart, dwelling to stores this kind of as Sprouts Farmers Marketplace, Cost Furthermore Earth Sector, DSW Designer Shoe Warehouse and Dick’s Sporting Products, was sold in February for $72.5 million, in accordance to a information release from RealtyLink, the vendor of the assets. 

The heart was acquired by Serota Attributes, a New York-centered industrial authentic estate developer. 

Serota owns all-around 2.5 million sq. feet of professional true estate on Lengthy Island. Freedom City Heart is the firm’s initially property in the Southeast, but Joseph Scimone, CFO and trustee of the subsidiary organization that now owns the buying heart, said it’s the very first of what he anticipates will be a number of purchases the enterprise will make throughout the area as it seeks to diversify its portfolio.