CBRE Tapped to Lease Retail Component of Alston Yards in Cary, North Carolina

CBRE has been selected to lease the multiple retail phases of Alston Yards, a $500 million, 41-acre mixed-use development located at NC Highway 55 and O’Kelly Chapel Road in Cary, North Carolina.

CBRE’s Jon Stanley and Charlie Coyne will market approximately 65,000 sq. ft. of retail space on behalf of developer Heritage Capital Partners.

The retail offering will be integrated into a master-planned, mixed-use environment that includes up to 900 residential units, 200,000 sq. ft. of office space, a boutique hotel, and over seven acres of open space, including a town park and a large community gathering area.

“Alston Yards represents a rare opportunity to help shape one of the most dynamic corridors in the Southeast,” said Roger Edwards, Managing Partner at Heritage Capital Partners. “We’re excited to partner with CBRE to bring a curated mix of retail offerings to a project that will serve as a new anchor for West Cary.”

Located at the southern tip of Research Triangle Park, Alston Yards will feature ample walking trails that connect to Wake County’s greenway system and an adjacent neighborhood park. The property will benefit from proximity to Parkside Town Commons, a 500,000-sq.-ft. retail center, and Apple’s proposed 900,000-sq.-ft. East Coast engineering hub.

“This is a landmark project for West Cary and the Triangle,” said Jon Stanley, Senior Vice President at CBRE.

“The scale, demographics, and vision behind Alston Yards make it one of the most compelling retail leasing opportunities in the Carolinas,” added Charlie Coyne, Executive Vice President at CBRE.