Portland Retail Center Changes Hands
NAI Fortis Group associate, Clay F. Manley, III, assisted Ghasem Properties president, M. Reza Ghassemzadeh, in the sale of approximately 9,900 sf in Portland Crossing retail center located at 531 N. 22nd Street in Louisville, Kentucky. Portland Crossing includes 8,700 sf in a stand-alone retail center and an additional 1,200 sf out-parcel building. Retailers in the center include Subway, Check into Cash, Metro PCS and Jackson Hewitt.
The property was purchased for $1.45 million by Portland Crossing LLC, a company registered to Michael Patton.
NAI Fortis Group is a full-service commercial real estate firm based in Louisville and is a member of NAI Global, one of the world's leading providers of commercial real estate services. NAI Global manages a network of 6,700 professionals in 375 offices within 55 countries worldwide, bringing together people and resources wherever needed to deliver outstanding results for clients. Over $45 billion in transactions annually are completed by the network.