ShopOne Secures Prime Retail Assets in North Carolina’s Triangle

ShopOne Centers REIT expands its North Carolina footprint with the acquisition of two grocery-anchored shopping centers in the high-growth Triangle region.

By: AXL Media

Published: Feb 24, 2026, 8:32 AM EST

Source: Information for this report was sourced from Bisnow

Strengthening the Retail Footprint in High-Growth Corridors

ShopOne Centers REIT, a leading owner and operator of high-quality retail real estate, has finalized the acquisition of two significant shopping centers in the Raleigh-Durham-Chapel Hill area, commonly known as the Triangle. The acquisition targets stabilized assets with a focus on "daily needs" retail. By securing these properties, ShopOne is leveraging the region's strong demographic tailwinds and the steady consumer demand that characterizes grocery-anchored centers.

The specific properties acquired are situated in submarkets that have seen a surge in residential development over the last three years. These centers are currently anchored by major regional grocery chains, providing a consistent flow of foot traffic that supports the surrounding mix of service-oriented and national brand tenants. ShopOne has indicated that it intends to implement its signature management platform to further enhance the value of these assets through strategic leasing and operational improvements.

The Allure of the Triangle’s Tech-Driven Economy

The decision to invest heavily in the Triangle region is a direct response to the area’s economic resilience. As a hub for the "Research Triangle Park" (RTP), the region attracts high-income professionals in the life sciences, technology, and education sectors. This demographic profile is particularly attractive to retail REITs, as it translates to higher discretionary spending and a more stable tenant base even during periods of broader economic fluctuation.

Retail vacancies in the Raleigh-Durham market have remained notably lower than the national average, a trend that ShopOne is betting will continue. The acquisition reflects a "flight to quality" where institutional investors are moving capital away from stagnant urban malls and toward suburban "essential retail" hubs that serve as the primary shopping destinations for growing families and young professionals in the Sun Belt.