JLL arranges $86.7M sale of Knightdale Marketplace in Raleigh

• JLL Capital Markets completed the $86.7 million sale of Knightdale Marketplace, a 323,113-square-foot super-regional retail shopping center in Knightdale, North Carolina.
• JLL represented seller, a joint venture between affiliates of Bailard, Inc. and M&J Wilkow, Ltd., and Invesco Real Estate acquired the asset.
• The fully occupied property is positioned to benefit from continued residential expansion, major transportation infrastructure improvements and economic growth throughout eastern Wake County and the Raleigh-Durham region.

CHARLOTTE, Sept. 16, 2026 – JLL Capital Markets announced today that it has completed the $86.7 million sale of Knightdale Marketplace, a 323,113-square-foot, super-regional retail shopping center located at 1006 Shoppes at Midway Drive and 210-304 Hinton Oaks Blvd. in Knightdale, North Carolina.

JLL represented the seller, a joint venture between affiliates of Bailard, Inc. and M&J Wilkow, Ltd., in the transaction. Invesco Real Estate acquired the asset.

Knightdale Marketplace is a 100% occupied retail destination situated on approximately 43.5 acres in one of the fastest-growing communities in the Raleigh metropolitan area. Delivered in 2007 and 2008, the center is anchored by a nationally recognized lineup that includes Academy Sports + Outdoors, Best Buy, TJ Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart and Barnes & Noble. Additional tenants include Target (shadow), Home Depot (shadow), Starbucks, Five Guys, Jersey Mike's, Qdoba, Tropical Smoothie Cafe, Subway and Visionworks, creating a diversified merchandising mix that attracts consumers from throughout eastern Wake County and beyond. The property also includes three separately parceled outparcels occupied by Wells Fargo, Arby's and Saltgrass Steak House.

Knightdale Marketplace has experienced significant recent leasing momentum, highlighted by the recent additions of Barnes & Noble, HomeGoods, Burlington and Academy Sports + Outdoors. The center's strong merchandising mix, combined with a roster of established national and regional retailers, reinforces its position as the dominant shopping destination in the submarket and provides consumers with a broad range of shopping, dining, service and entertainment offerings.

Positioned at the intersection of U.S. Highway 64 and Interstate 540, Knightdale Marketplace benefits from exceptional visibility and accessibility. The property is less than seven miles from downtown Raleigh and offers connectivity to Research Triangle Park, Raleigh-Durham International Airport and the region's major employment centers. The ongoing completion of the Interstate 540 expansion is expected to further enhance regional accessibility and support additional residential and commercial development throughout eastern Wake County.

The center is surrounded by a substantial pipeline of single-family, multifamily and mixed-use development projects that continue to expand the area's consumer base. Knightdale has emerged as one of Wake County's fastest-growing communities, benefiting from population growth, new housing development and proximity to major employers across technology, healthcare, life sciences, financial services, advanced manufacturing and higher education sectors. These economic drivers have helped establish the area as a key growth corridor within the broader Raleigh-Durham region.

The JLL Capital Markets team was led by Senior Director Tom Kolarczyk and Director Andrew Kahn, along with Analyst Ella Glover and Analyst Katie Sanger.

"Knightdale Marketplace is one of the best power center transactions I've had the privilege to work on in my career," Kolarczyk said. "The property enhancements made by Ownership, adding several new national retailers, coupled with robust submarket growth and exceptional tenant sales performance, generated unprecedented institutional investor demand. We saw extraordinarily competitive bidding from both core and core-plus capital sources, ultimately achieving record pricing for the asset class in the greater Raleigh market. We are grateful for M&J Wilkow's confidence in our JLL team throughout this process."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

M & J Wilkow is a leading commercial real estate owner and operator dedicated to creating value for its investors. The Company’s approach to real estate emerged distinctively from an owner's perspective and has evolved over 86 years in the real estate business. M & J Wilkow’s portfolio consists of 110 properties consisting of approximately 14 million square feet. The aggregate market value of the portfolio is estimated to be in excess of $3 billion. For more information, visit www.wilkow.com.

Invesco Real Estate is a global leader in the real estate investment management business with $86.3 billion in real estate assets under management, 596 employees and 21 regional offices across the U.S., Europe and Asia Pacific as of December 31, 2025. With over a 40-year history, Invesco Real Estate, part of Invesco Private Markets, invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.

Since Bailard opened its doors in 1969, the firm has sought innovative ways to build wealth, thoughtfully manage risk, and generate consistently solid returns for its investment clients. Bailard has remained employee-owned and, with over $8.4 billion in assets under management, offers public and private pension plans, foundations, endowments, Taft Hartley plans, and sovereign wealth funds as well as private individuals and family offices carefully-crafted proprietary investment strategies and products, as well as stability and discipline in order to provide outstanding results and exceptional personal service. For further information, visit www.bailard.com.