Blue Sky Services has closed the purchase of another tract of land, this time in Belville, NC. This prime location, adjacent to the Brunswick and Cape Fear Rivers stands at the Gateway to Wilmington, its deep water, container seaport and numerous destination beach communities. The transaction was initially contracted with The Pantry, Inc. of Cary, but was consummated by Circle K as a successor of The Pantry through their acquisition and merger earlier this year. Nikita Zhitov of Blue Sky Services Real Estate facilitated the transaction on behalf of Belville Funding, LLC, affiliate of Preston Development, with Beverly Keith of Avison Young, Raleigh Office, who represented Circle K interests. —
Headquartered in Tempe, Arizona, Circle K’s success in the convenience retailing industry spans more than 60 years. Tracing its beginnings to 1951, by 1975, there were 1,000 Circle K stores across the US. In 1979, Circle K entered the international market when a licensing agreement established the first Circle K stores in Japan. The company’s growth continued and by 1984 sales had reached $1 billion. Today, there are more than 7,000 Circle K sites operating in the US and thirteen other countries.
A spokesperson for Blue Sky Services commented on the transaction, “The Circle K transaction has served as a catalyst for growth in the immediate vicinity. Since the sale of this property, the Town of Belville contracted to purchase a nearby site for their new Town Hall, a transaction also facilitated by our principals, Nikita Zhitov and Steve Niemeyer.”
Belville Commons retail development, anchored by Circle K and the Town of Belville, has 3 remaining outparcels suitable for retail, hospitality, restaurant uses.
About Blue Sky Services: Blue Sky Services has been in business since 1996, succeeding in growing their company by working with thousands of satisfied customers. The company is committed to setting the highest standards for customer service, quality and professionalism, aiming to lead the field in real estate, development, construction, remodeling and more.
Release ID: 98957