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Meridian Realty Group Drives $6.4 Million Sale of Prime Commercial Real Estate Property, Led by Broker Gabriel Chrysson

June 08, 2023

WINSTON-SALEM, NC – We are thrilled to announce the successful completion of a $6.4 million sale for a prime mix-use property located at 855 Hanes Mall Blvd and 2021 & 2052 Griffith Rd, Winston-Salem, NC 27103. Led by broker Gabriel Chrysson

The property, which is stabilized and 93% leased, spans approximately 51,704 square feet and sits on 6.27 acres in the heart of Winston-Salem’s vibrant retail corridor on Hanes Mall Blvd near the intersection with Stratford Rd. Its strategic location positions it for optimal visibility and accessibility, attracting a diverse range of tenants and ensuring long-term success.

The seller, Hanes Mall Blvd Retail Partners, is a group of local business people deeply rooted in the community. The buyer, Highwoods Square Partners, LLC, is also a local entity here in the Triad. The buyer’s confidence in the property’s future is bolstered by its size, location, and tenant mix, offering a compelling combination of experience-based entertainment, retail, and restaurants.

The property’s diverse tenant mix includes:

  • CVS Health Corporation: The largest U.S. pharmacy chain with over 9,900 locations and a significant market share in the domestic prescription drug market.
  • The Surge: A family entertainment venue co-owned by former NFL quarterback Drew Brees, offering trampolines, obstacle courses, rock walls, and arcade games.
  • Lucha Libre Ice Cream & Churros: Providing a delightful experience with a menu focused on churros, custom ice cream flavors, and delicious desserts.
  • Luna Playa: A fast-casual restaurant specializing in street tacos and Mexican cuisine, opening Summer 2023. They prioritize authentic flavors and high-quality ingredients.
  • Tobacco World: A long-standing tenant since 2015, offering a wide array of tobacco and vape products.

Gabriel Chrysson, played a pivotal role in driving the $6.4 million sale, representing both the buyer, Highwoods Square Partners, LLC, and the seller, Hanes Mall Blvd Retail Partners, LLC. With his extensive experience in the industry, exceptional negotiation skills, and expert guidance, Chrysson ensured a smooth and successful transaction process, maximizing value for both parties.

Meridian Realty Services, known for its expertise in property management and leasing, will assume responsibility for managing and leasing the property, further ensuring its continued success and maximizing returns for the buyer.

Meridian Realty Group remains dedicated to providing exceptional real estate services, driven by a team of experienced professionals who go above and beyond to deliver outstanding results and exceed client expectations.

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