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NAI Realvest Negotiates Purchase of 154,000 SF Shopping Center for $7.175 Mil

01/28/2015

NAI Realvest Negotiates Purchase of 154,000 Square Foot Neighborhood Shopping Center in Casselberry for $7.175 Million

Casselberry, Fla. – NAI Realvest, based in Orlando,  recently negotiated the $7,175,000 purchase price for the 154,323 square foot retail center known as Greater Marketplace located at 1006 SR 436 in Casselberry north of Orlando. 

NAI Realvest broker associate Drew Saphos, CCIM, along with chairman George Livingston, and principalChristie Alexander, represented the Pompano Beach buyer JAB Shopping Center II, LLC who has anchored the center with a new metro Orlando location for Baer’s Furniture.

“This new Baer’s Furniture showroom will synergize with the Winter Garden location opening later this year to bookend the Orlando MSA with locations on the eastern and western sides of the metro area,” Saphos said. 

Existing tenants at the center include Bank of America, Verizon, Planet Fitness and Colorado Fondue Company.  The seller, Greater Properties, Inc. was represented in the transaction by Crossman & Company. 

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For more information, please contact:

Drew Saphos, CCIM, NAI Realvest 407-875-9989 dsaphos@realvest.com

George Livingston, Chairman, NAI Realvest 407-875-9989 glivingston@realvest.com

Christie Alexander, Principal, NAI Realvest 407-875-9989 calexander@realvest.com        

Larry Vershel or Beth Payan, Larry Vershel Communications Inc., 407-644-4142 Lvershelco@aol.com

NAI Realvest, with offices covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide through NAI Global, an international commercial real estate network with over 400 offices spanning the globe.  Since 1978, clients have built their businesses on the power of NAI Global’s expanding network.  Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.

01/28/2015 - 12:15

Source

NAI Global

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