Fuquay-Varina, NC (June 2026) – MPV Properties (“MPV”) and Atlantic Union Bank are pleased to announce that they have signed a ground lease to occupy Outparcel 6 at Academy Village, the premier grocery-anchored mixed-use development currently underway in Fuquay-Varina, NC.
The ±0.75-acre site is prominently positioned at the corner of Old Honeycutt Road and East Academy Street, offering exceptional visibility and access within one of the Triangle region’s fastest-growing communities. The first buildings in the center are slated to deliver in Q1 2027, and Atlantic Union Bank plans to open its newest location in late Q3 2027. “We are excited to welcome Atlantic Union Bank to Academy Village,” said Robbie Adams, Director of Retail at MPV Properties. “Their commitment to relationship-driven banking and community engagement aligns perfectly with the vision we are creating at Academy Village. This addition further enhances the tenant mix and long-term value of the development for residents and businesses alike.”
Shawn O’Brien, Consumer and Business Banking Group Executive at Atlantic Union Bank, said, “Academy Village represents a strong strategic opportunity as we continue to deepen our relationship with the Raleigh community. Fuquay-Varina’s exceptional growth, strong sense of community and the development’s mixed-use environment make it an ideal location for long-term investment. We look forward to supporting the financial needs of both residents and businesses in this thriving area.”
Atlantic Union Bank will join a host of other tenants signed at the center including Potbelly Sandwich Shop, Club Pilates, The Toasted Yolk, Chicken Salad Chick, Avalon Nails, Wells Family Dentistry, and anchor tenant, Lowes Foods. The most recent signing of Kiichi Ramen marks the second commercial building in the center to be fully leased. Academy Village is a transformative mixed-use development strategically located at the southeast corner of Purfoy Road and Old Honeycutt Road. With connectivity to East Academy Street, Judd Parkway, and Highway 401, the walkable, Class-A community will integrate retail, residential, and lifestyle offerings. Additionally, Proffitt Dixon Partners is developing the approximately 300 Class-A apartments and 54 luxury townhomes in the project.
Foundry Commercial represented Atlantic Union Bank in the transaction. Robbie Adams and Joey Morganthall of MPV represented the landlord and can be reached for leasing inquiries.
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