Chapel Hill, NC — Oak Street Commercial Real Estate has successfully completed the lease-up of a second-generation retail portfolio in Chapel Hill, North Carolina.
The assignment included multiple retail suites that had become vacant, representing a value-add opportunity for ownership. Working closely with a private investor, the firm implemented a targeted leasing strategy focused on repositioning the space, refining market exposure, and securing qualified tenants aligned with the asset’s positioning.
As a result of these efforts, Oak Street Commercial Real Estate achieved significant increases in gross rental rates across the portfolio, with individual spaces realizing rent growth ranging from 32.6% to 52.4%. The asset is now stabilized with a tenant mix that supports both income durability and long-term value.
J Dylan Cunningham at Oak Street Commercial Real Estate, represented ownership throughout the leasing process.
“This transaction highlights the impact of proactive leasing strategy and disciplined execution,” said Cunningham. “Even in a shifting retail landscape, well-located assets can materially improve performance when paired with clear positioning and market alignment.”
The completed lease-up reflects steady demand within the Chapel Hill retail submarket, particularly among tenants seeking functional space in established trade areas.
Transaction terms were not disclosed.
If you would like to discuss your commercial property and opportunities to improve cash flow, Oak Street Commercial Real Estate welcomes the conversation.
