160-178 Broadway former Moog property sold for $9M, buyer aids Helene-displaced businesses

Nine parcels that formed the former Moog Music block at 160-178 Broadway Street in North Asheville sold for $9,000,000, a deed recorded Feb. 19, 2026 shows. The sellers were 160 Broadway Building LLC and 174 Broadway Buildings LLC, and the buyer listed on Buncombe County Register of Deeds records and brokerage materials is RCG LLC, a Somerville, Massachusetts real estate firm.

Citizen-Times coverage of the sale framed the Broadway block as having "transformed into a hub for businesses displaced by Tropical Storm Helene," saying the properties now house Helene-impacted businesses. The available reporting does not include a tenant-by-tenant list for the nine parcels, but the paper’s story and the recorded sale tie the Broadway addresses directly to post-Helene recovery activity in North Asheville.

RCG LLC, the purchaser, already lists several Asheville-area holdings, including the Asheville Arms, The Commodore and South Asheville Commons, according to Citizen-Times reporting. The available documents and coverage do not include a statement from RCG about plans for the Broadway parcels, nor do they provide a per-parcel breakdown of the $9 million purchase price.

The Broadway sale follows a series of changes to Moog Music’s local footprint. Bob Moog, the company’s founder, moved to the Asheville area in 1978 and is a well-known local figure; the Bob Moog Foundation operates the Moogseum and a Dr. Bob Sound School and maintains an archive of more than 10,000 items. In recent reporting, Moog — now under new ownership, described as purchased by inMusic "last June" in local coverage — announced a move of product design, development and engineering into the Asheville Citizen-Times building and signaled plans to expand operations in Weaverville.

Moog President Joe Richardson has commented publicly on those transitions: "We are proud to keep engineering, designing, and building instruments in our hometown of Asheville, North Carolina, USA," he said in a statement cited by 105.9 The Mountain. Richardson also addressed workforce changes tied to the acquisition, telling News 13 that, "With any transition like this, where there is an acquisition, there's a number of roles that become redundant or roles that already existed in the organization. The workforce had to be rationalized to reflect this new consolidation business model," remarks reported by WLOS in the context of layoffs in September 2023.

Community recovery funding tied to Tropical Storm Helene has been moving in parallel: local reporting notes United Way of Asheville and Buncombe County awarded $800,000 to Helene recovery efforts, with nine organizations receiving grants for housing repairs, debris removal and recovery assistance, including a $100,000 award to CORE. Coverage of the Broadway sale does not link the RCG acquisition directly to those United Way grants.

The recorded Feb. 19, 2026 sale places the Broadway block under ownership of a firm with multiple Asheville holdings, but reporting to date contains no RCG comment on whether the company will preserve the site as a hub for Helene-displaced businesses or pursue redevelopment. Buncombe County deed records and brokerage materials cited in local coverage provide the official transaction details.