Category: Retail

The Loewy Building

Commercial Realty Advisors is pleased to offer the opportunity to purchase the historic Loewy Building, located in the heart of downtown Winston-Salem, North Carolina.

This unique architectural gem was originally commissioned by Kate B. Reynolds in 1921. She hired local architects Northup and O’Brien to design two buildings that would encompass the full block. The original tenants were Morris-Early Furniture and Sosnik’s Department Store. In the late 1940’s Sosnik’s merged with Thalhimer’s and they commissioned the famed New York Design Firm of Raymond F. Loewy Associates to remodel the store.

Raymond Loewy Associates’ interior design for the Winston-Salem Thalhimer’s was featured in Interior Design magazine in September, 1950. The article observed: “that many department stores tend to emphasize in their design and arrangement the aims and character of the community they serve. The Sosnik-Thalhimer Department Store, a high quality women’s shop in Winston-Salem, is such a store, combining gracefully all the aforementioned qualities yet representing a new departure in store design. Its services are addressed to the more affluent customers in this rich tobacco country… Style was another important consideration, and in deciding upon the elimination of the stark, cold
phases of modern and concentrating upon a scheme of Louis XV and mellow eighteenth-century Italian, combined with the more pleasing and friendly phases of modern, a style was evoked that has won acclaim from the clients and their customers alike.”



The iconic Winston-Salem property sits on ±.97 acres with approximately ±80,000 SF and 65 Surface Parking Spots. The property presents a great opportunity for redevelopment as a boutique hotel, condominium or apartment building, or office building with retail and amenity space on the ground level. The property’s Historic Designation and its location in an Opportunity Zone offers potential economic subsidies and incentives to improve the overall feasibility of the redevelopment project. A truly iconic presence in Winston-Salem, The Loewy Building, is one of the landmark
properties of Downtown Winston-Salem.


  • Iconic historic property that qualifies for Historic Tax Credits and is located in an Opportunity Zone
  • Property size and layout are well suited for multi-family, hotel, and office development
  • Well located in the center of Winston-Salem’s vibrant downtown

Brookstown Modern Office

This ±3,422 SF office space is conveniently located on the edge of Historic Old Salem, with easy access to Salem Parkway and is adjacent to Sayso Coffee and the Winston-Salem Strollway. This space has a total of 9 very spacious offices, large lobby, and conference room, in addition to a copy room and private bathrooms.

BBJ Development Site

Wonderful small development site in the heart of uptown High Point! Conveniently located on the corner of N. Main Street and E. Lexington Avenue with ±32,000 VPD. Within walking distance to some of High Point’s better restaurants and retailers, this pedestrian friendly site would be a perfect fit for multiple retail uses.

Dark Walgreens – Fredericksburg, VA

Excellent sublease opportunity for a former Walgreens location in Fredericksburg, VA. This property is located at a high traffic signalized corner, with great visibility from VA Hwy 1. Master Lease runs through 1/31/2027.

Dark Walgreens – Connecticut Avenue, Washington DC

Excellent opportunity to sublease a former Walgreens location in the Cleveland Park area of Washington, DC. This property has great visibility on Connecticut Ave, a strong retail corridor of northwest DC. This location includes 16 dedicated parking spots, rare for this area.

West 1st Street Retail

Great lease opportunity near Atrium Health Wake Forest Baptist Medical Center and Downtown Winston-Salem. This property has great visibility on a well traveled portion of West 1st Street.
With the building’s open floor plan and high ceilings, it could be functional for many different businesses or uses.

Dark Walgreens – Anderson, SC

Excellent sublease opportunity for a former Walgreens location in Anderson, SC. This property is located at a high traffic signalized corner, with great visibility from SC HWY 28. Master lease runs through 10/31/30.

Dark Walgreens – Rocky Mount, VA

Excellent sublease opportunity for a former Walgreens location in Rocky Mount, VA. This property is located at a high traffic signalized corner, with great visibility from Old Franklin Turnpike. Master lease runs through 10/31/35

Former Walgreens – Colonial Heights, VA

Excellent redevelopment opportunity of a former Walgreens location in Colonial Heights, VA. This property has great frontage on Colonial Heights’ main retail corridor of Boulevard with Wawa and Cook Out as immediate neighbors.

High Point Flexible Modern Retail & Office

This ±176,908 SF multi-tenant retail and office building is situated on ±10.94 acres in a central location in the Southwest Guilford County submarket. The property was built in 1970 and renovated in 1999, is zoned CUPDM, and is adjacent to Providence Place Apartments and Senior Living. Property features include clean and well maintained interior and exterior, flexible space options, and a common area which enhances the park-like setting.

Flexible space options ±1,000 SF up to ±2,306 SF

  • Suite 330 – ±2,306 RSF
  • Suite 475 – ±1,200 RSF
  • Suite 550 – ±1,315 RSF