IronClad Self Storage New Ownership

The corporate entity of U-hual, Amerco Real Estate, has purchased the IronClad Self Storage near Fearrington Village. Located south of Chapel Hill, NC on US-Hwy 15-501, the 42,370-sqft, 433-unit facility has sold for $3.11 million. Joy Godbold of Percival McGuire Commercial Real Estate and Argus Self Storage Sales Network represented the seller, W. Mitchell, in the transaction. Included in the deal was a recently entitled 5-acre tract for future expansion.

Wal-Mart Coming To North Chatham

Wal-Mart has applied for permits to begin construction on US-Hwy 15-501, just south of the Orange County line, near the intersection with Smith Level Road. The proposed 148,400-sqft store would include a grocery, pharmacy and garden center, and create approximately 300 new jobs.

If they have all the details right, if the infrastructure and everything meets the requirements, the site would not need to be rezoned and the project would not require county commissioner approval. This 62-acre development, of which Wal-Mart will occupy 20-acres, went through the public hearing process more than 5 years ago.

Galloway Ridge at Fearrington Expanding

Fearrington Village, Duke University and Drucker & Falk announce a $102 million renovation and expansion to the Galloway Ridge facility. The senior living retirement home complex is located south of Chapel Hill along US-Hwy 15-501 in Chatham County. The plans call for:

66 independent living
14 additional assisted living
24 skilled nursing apartments
15-unit memory care wing
on-site primary care clinic
expanded Duke Center for Living fitness center
300 residents, will add 100 more, 200 employees, adding 50 jobs

Positions to be added include nurses, certified nursing assistants, dining servers and housekeepers.

Galloway Ridge at Fearrington