4A — April 15 - 28, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal CRESCO Real Estate, member of Cushman & Wakefield Alliance, represents seller Joel Gorjian of NY-based Namdar Realty Group acquires 6,600 s/f single-tenant retail property G REAT NECK, NY — Joel Gorjian , vice president of acquisitions
numerous popular art, com- munity, culinary, and busi- ness initiatives and programs. However, it lacks sufficient retail facilities to serve the local residents, which made the property an appealing ac- quisition target. In addition,
the tenant renewed the lease only six months prior to the transaction taking place. The all-cash deal was negotiated off-market and we are plan- ning to retain and operate the property long-term,” said Gorjian. n
& dispositions at Namdar Re- alty Group , has completed the acquisition of the 5900 St. Claire Ave. retail property in the St. Clair-Superior section of Cleveland, OH. A Key Bank branch currently occupies the 6,600 s/f, one-story, single- tenant retail building. Namdar is a national commercial real estate investment and man- agement firm headquartered in Great Neck, NY. The seller was a private investment fund represented by CRESCOReal Estate , a member of the Cush-
ROCK announces lease transactions
5900 St. Claire Avenue
situated within an up-and-com- ing, 7,000-resident St. Clair- Superior section of Cleveland. The neighborhood is home to
man & Wakefield Alliance. “The Key Bank branch build- ing, one of the most attractive retail properties in the area, is
YORK, PA — ROCKCom- mercial Real Estate recent- ly completed 6 lease transac- tions totaling 303,575 s/f. SALES • 860 Gitts Run Road As- sociates, LP purchased a 192,360 s/f industrial facility located at 860 Gitts Run Rd., Penn Township, York Coun- ty, PA. ROCK represented the seller in the transaction. • s.e. hagarmanDESIGNS, LLC purchased a 2,100 s/f former house of worship lo- cated at 1001 East Walnut St. in Hanover Borough, York County. ROCK rep- resented the seller in the transaction. • Tolna Road, LLC pur- chased a 45,300 s/f industrial facility located at 921 Tolna Rd. in Shrewsbury Town- ship, York County. ROCK represented the seller and the buyer in the transaction. LEASES • LZKManufacturing, LLC leased 6,295 s/f of industrial space at 26-28 Onion Blvd. in Shrewsbury Borough, York County. ROCK represented the landlord and the tenant in the transaction. • Bridget Feldman & Pat- rick Reachard leased a 2,520 s/f retail space at 2 Baltimore St., Jefferson Borough, York County. ROCK represented the landlord and the tenant in the transaction. • Southern States Coop- erative leased 55,000 s/f of industrial space at 860 Gitts Run Rd., Penn Township, York County. ROCK repre- sented the landlord and the tenant in the transaction. n 860 Gitts Run Rd, Hanover, PA
Made with FlippingBook HTML5