East Franklin Street Property, Former Home of ‘The Library,’ Sold ...Middle East

The property at 120 East Franklin Street in downtown Chapel Hill has been sold. The property was most recently the home of the bar The Library, which closed in June of 2021. The 120 East Franklin property is located on the same block as UNC’s planned Admissions and Visitor Center. The property was sold to Chapel Hill Foundation Real Estate Holdings, Inc., a nonprofit which develops and manages real estate projects for the university. The building sold for $567 per square foot. “The property is not part of the university’s future Visitor Center development,” said Vijay K. Shah, who represented the property’s owner in the sale. “But it is located between two properties that were already owned

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