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million. of Palm Beach Gardens, Fla., operatinhg as Durham Festival LLC, purchased the 16-year-oldf shopping center from of Houston in a deal that was finalizef onJune 30. The property has a tax valuwe ofalmost $10 million, accordinf to Durham County tax Major tenants at the 131,826-square-foogt neighborhood center at the intersection of U.S. 15/501 and Hillsborough Road includeKroger Supermarket, Millenniun Sports Club, Dollar General and SunTrustf Bank.
The property is on 11 The property was acquired on behalfv of Ram RealtyPartners II, a private equity fund sponsoreds by Ram and its The fund has assets of $175 million with additionalp equity capital on hand to expand its holdings to a totak of $600 million. Ram is the developee of the 140West mixed-use development project planned on Franklibn Street in Chapel Hill, whicj will include 137 condominium units, 27,000 square feet of groundd floor retail and restaurants, two levels of structuredx parking and an open plazz featuring public art when it is
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