Mid Atlantic Real Estate Journal — August 31 - September 13, 2012 — A
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M id A tlantic R eal E state J ournal Gillis & Gilkerson represent buyer of former Feldman’s Sperry Van Ness - Miller’s Cox secures 10,000 s/f lease S
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ALISBURY, MD — Wes- ley Cox, CCIM, a senior advisor with The Hanna Team at Sperry Van Ness - Miller Commercial Real Estate announced that after being vacant for 3 years, a new tenant will soon occupy the former Boater’s World location consisting of 10,000 s/f. After months of negotiations Cox secured a lease with Trade It! As part of the deal the center will also receive a facelift with a brand new facade. This new lease along with the sale of the land across the street from this center for a new AT&T Wireless store marks two recent transactions Cox completed to help bring a rejuvenated look to this sec- tion of Rte. 13 North. In a separate transaction Bradley Gillis, CCIM and Joey Gilkerson from Sperry Van Ness - Miller represented the buyer of the former Feldman’s Building, and Blair Rinnier, CCIM of Rinnier Development represented the seller. The buyer will create a high qual- ity mixed use project with open sight lines to the riverfront, on-site parking and will focus on the historically significant 3-story building. The current building consists of four dif- ferent structures totaling over 40,000 s/f on 20,000 s/f of land; the most important of which is the main 3-story building which dates back to the late 1800’s, first used by B.L. Gillis & Sons, wholesale grocers. Demolition will begin in the fall of 2012 with renovations to begin shortly after. The buyer hopes to work with the city to construct a riverwalk along the Wicomico River and Mill Street. “The newly named River View Commons (former Feldman’s Building) is a cornerstone project for Salisbury’s downtown. The project has wonderful views upriver and is within walking distance to restaurants, park- ing, offices and healthcare. The buyers’ are excited about the positive effect this project will have on downtown and Former Feldman’s Building
Trade It! rendering
our community” said Bradley Gillis. “We will be marketing office and retail spaces for lease and even see a potential
opportunity for a restaurant. With onsite parking and river views the location is ideal” said Gillis. n
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Andrew J. Merin, Vice Chairman 201-460-3358 David W. Bernhaut, Vice Chairman 201-460-3356 H. Gary Gabriel, Exec. Vice President 201-460-3352 Brian J. Whitmer, Senior Director 201-508-5209
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