Sentinel Grove Partners Announces Acquisition and Strategic Repositioning of Prime Retail Asset in Cary, NC
Mar 27, 2026
Cary, NC - March 18, 2026
Sentinel Grove Partners is pleased to announce the successful closing and launch of a new real estate investment opportunity, SGP-Cary, LLC. This single-purpose entity is sponsored by The Morgan Company, a veteran commercial acquirer and developer with an extensive track record across the U.S. Sunbelt.
The project involves the acquisition and comprehensive repositioning of the former Office Depot building located at 2011 Walnut Street in Cary, North Carolina. Situated within Crossroads Plaza, the property occupies a premier position in one of the region’s most dominant retail corridors, characterized by high traffic counts and dense, affluent demographics.
As part of the value-add strategy, the sponsor has secured a lease with Savers (NYSE: SVV), a leading national thrift and vintage retail operator. The project plan includes significant exterior modifications, tenant upfits, and modernizing capital improvements designed to transform the freestanding building into a high-performing asset for the long term.
“This acquisition perfectly encapsulates our strategy of identifying underutilized assets in high-barrier-to-entry markets,” said Derek Copeland, Principal at Sentinel Grove Partners. “By partnering with a veteran developer like The Morgan Company and securing a top-tier tenant in Savers, we are confident in our ability to modernize this site and deliver exceptional value to both the Cary community and our investment partners.”
About The Morgan Company
With over 40 years of experience, The Morgan Companies specializes in ground-up development, site selection, and value-add retail repositioning. Having completed more than 250 projects, their portfolio includes high-credit tenants such as Publix, Sheetz, Starbucks, and Hobby Lobby.
About Sentinel Grove Partners
Sentinel Grove Partners is a boutique investment firm that provides curated access to high- caliber commercial real estate, emerging private companies, and innovative fixed-income instruments. Driven by the philosophy of “Growth Protected,” the firm focuses on reducing barriers and volatility for accredited investors by assembling bespoke private investment opportunities designed for long-term wealth creation.