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Orion Real Estate Group buys Food Lion-anchored Watauga Village

The acquisition price was $26.1 million for the 88,800-square-foot shopping center, which is fully leased.

Reported · Written up by our desk · Commercial

Orion Real Estate Group acquired Watauga Village, a Food Lion-anchored neighborhood shopping center at 276 Watauga Village Drive in Boone, North Carolina, according to ConnectCRE.

The center totals 88,800 square feet and Orion paid $26.1 million for the property, which sits in the commercial center of Boone.

ConnectCRE reports the shopping center is shadow-anchored by a Walmart Supercenter and is adjacent to Watauga Medical Center. Tenants include Michaels, Mercy Urgent Care, Spectrum, Tropical Smoothie Café, and Wingstop, and the property is fully leased.

CBRE National Retail Partners represented the seller in the transaction, ConnectCRE said.

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