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Krispy Kreme Doughnuts Acquired By JAB Holding Co For $1.35 Billion

Source: Joe Raedle / Getty

 

If you know downtown Raleigh then you know exactly where the only Krispy Kreme is on Person St. – it’s been there forever!!!

Some of the locals who are upset because the property of the The Krispy Kreme has been sold to a New York-based real estate investment trust.

According to city records, the property at 551 North Person Street sold for nearly $4.7 million to Broadstone KKD Portfolio LLC.

Records show the sale went through on April 2.

The uncertainty of losing a piece of old Raleigh is leaving a bad taste in the mouths of many locals.

Read more at ABC11.com