CBRE Awarded Leasing Assignment for Retail Space at The Weld in Raleigh

CBRE has been awarded the exclusive leasing assignment for all retail space at The Weld, a $700 million mixed-use project south of Downtown Raleigh, North Carolina. Phase I, which broke ground last summer, will include approximately 10,000 sq. ft. of retail space on the ground floor of two luxury apartment high-rises.

Charlie Coyne and Tiffany Barrier of CBRE in Raleigh will market the project’s retail space for lease on behalf of developers SLI Capital and Mack Real Estate Group.

“The Weld will bring a new vibrancy to Downtown Raleigh and is a unique opportunity for residents to live and work directly adjacent to the 308-acre Dix Park,” said Mr. Coyne, Executive Vice President with CBRE. “Tiffany and I are excited to partner with Mack and SLI Capital and look forward to finding high-quality retail tenants that build on The Weld’s amenity offerings.”

Phase I of The Weld, located at the corner of Lake Wheeler Road and Hammell Drive in Raleigh, will include two 20-story residential towers with 675 luxury apartments and approximately 10,000 sq. ft. of ground-floor retail. The tower nearest to Lake Wheeler will include 4,060 sq. ft. of ground-floor retail while the tower closer to S. Saunders Street will have 5,533 sq. ft. of ground-floor retail. The spaces could be subdivided down to 1,750 sq. ft. for smaller users. Once The Weld fully delivers, it will include four mixed-use buildings, 1,200 luxury apartments, and over 25,000 sq. ft. of retail space. Phase I is expected to deliver in 2025.

The Raleigh retail team at CBRE is comprised of eight retail specialists and is supported by three research and GIS professionals. This market-leading team’s portfolio includes over 12 million sq. ft. of retail assets in the Triangle region and Eastern North Carolina. They also represent a select list of over 50 retail and restaurant tenant clients in site selection throughout the United States.