Greenberg Gibbons Launches Second Real Estate Income Fund Targeting $300 Million in Acquisitions | First acquisition of shopping center in Raleigh, N.C. complete

Baltimore, Md. (June 5, 2026) — Greenberg Gibbons, one of the East Coast’s premier real estate developers, investors, and operators, announced today it has launched its second private equity real estate fund that will target $300 million in retail shopping center acquisitions across the East Coast. It also announced the Fund’s first acquisition of Wakefield Commons, a 163,975-square-foot neighborhood shopping center located in Raleigh, N.C.

“The launch of our second fund and acquisition of Wakefield Commons represents an important milestone for our firm,” said Eric Walter, president of Greenberg Gibbons. “Our first fund validated both the strength of our platform and the durability of necessity-based retail. With this second fund, we’re expanding that strategy—deploying capital into high-quality assets across the East Coast, where we can apply our integrated approach to drive performance, create value, and continue delivering strong outcomes for our investors.”

The Greenberg Gibbons Real Estate Income Fund II will target essential, retail-driven shopping centers including grocery-anchored community, neighborhood, and power centers. Investments will focus on properties in premier locations across stable, growing markets that generate consistent income and offer opportunities to improve tenant mix, enhance operations, pursue selective redevelopment, and long-term value creation through active asset management. The firm’s hands-on approach emphasizes strengthening tenant mix, driving foot traffic, and improving long-term asset performance.

This second fund reflects the firm’s continued confidence in necessity-based and national retail, particularly assets anchored by grocery, service, off-price, and experiential tenants that serve communities’ everyday needs. Investors in the fund include a mix of high-net-worth individuals, family offices, and institutional partners, alongside capital commitments from Greenberg Gibbons.

Wakefield Commons, which is being acquired for $33 million through a joint venture with Boston-based firm Wilder, has many long-standing tenants including Starbucks, Burn Boot Camp, Moe’s Southwest Grill, AT&T, MyEyeDr., Spectrum Paint, and Marquee Cinemas. The shopping center is currently 96.3% leased and is conveniently situated at the intersection of Capital Boulevard and Falls of Neuse Road in Raleigh, N.C. This is the firm’s first retail acquisition in North Carolina.

About Greenberg Gibbons

Celebrating 57 years of success, Greenberg Gibbons is one of the East Coast’s premier developers, investors, owners, and operators of mixed-use, retail, commercial, and residential properties. The firm’s rapidly expanding portfolio includes more than 6.7 million square feet and $1.6 billion in assets. Its innovative ground-up development and revitalization projects create engaging destinations and inspiring experiences, while making a positive ripple effect in the communities they serve. Headquartered in Baltimore, Greenberg Gibbons has more than 55 projects across eight states. For more information, visit www.ggcommercial.com.