ITB Insider: Creamery Building Sold
From this week's Development Beat...
“Glenwood South’s iconic Creamery building was recently purchased by a Chicago developer. Northpond Partners finalized their $24.4 million purchase of four parcels, including The Creamery building, which was built in 1928 and was once home to the Pine State Creamery.
Creamery Limited Properties paid just $3.37 million for the parcels back in 1999. The building and surrounding parcels are home to Milk Bar, Sullivan’s Steakhouse, and a law firm. According to the Triangle Business Journal, the developer has no immediate plans to redevelop the parcels, which also include a smaller building that houses Heat Studios gym and two parking lots along North West Street.”