Real Estate Journal — Shopping Centers — February 27 - March 12, 2015 — 11A
www.marejournal.com
M id A tlantic
S hopping C enters
S 48,000 s/f single tenant net lease sale led by Neuman Greysteel arranges sale of LA Fitness totaling $13.1m ILVER SPRING, MD — The Greysteel Compa- ny ’s Mid-Atlantic retail
i nves tment sa l e s t eam l ed by Gi l Neuman has arranged the sale of LA Fit- ness, a 48,000 s/f single ten- ant net leased gym located
Gil Neuman
LA Fitness
at 8616 Cameron St. in Down- town Silver Spring, Montgom- ery County. The sale price was $13.1 million. The two-story facility built on a half-acre Greysteel served as advisor and agent to the seller, Wash- ington Property Company, and procured the buyer, Excalibur Development, LLC. Landmark Comm’l. Realty inks three retail transactions CUMBERLAND COUNTY, PA — Landmark Commer- cial Realty, Inc. completed
“The Greysteel retail team is pleased to have secured a sophisticated investor who val- ues the irreplaceable core real estate and its high-end long-
term tenant,” said Gil Neuman, Greysteel managing director. “We congratulate both our cli- ent and the buyer on a smooth and successful transaction.” n
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the following transactions: • B r a d l e y B r y a n h a s p u r c h a s e d 173 S Enola Dr. Seymour Ba r g e t o f L a n d m a r k Commercial Realty rep- resented the seller, Gary Dob r i no f f a n d J o a n Beat t ie of C o l d w e l l Banker rep- resented the buyer. • GMH Mort- gage Services, LLC recently leased an of- f i c e s p a c e l o c a t e d a t 3913 Market St. in Camp Hill. Arthur Campbell of
Seymour Barget
Roy Brenner
Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports
Local Contacts:
Thomas Posavec
Eastern PA — 610-366-8120 x 24, Cheryl Green green_c@sdepa.com Philadelphia PA — 610-768-8990, Rawley Shelton rawleyshelton@gmail.com
Campbell Commercial Real Estate represented the tenant. Roy Brenner of Landmark Commercial Realty negotiated the lease on behalf of the land- lord, H Le and O Pham. • The University of Phoenix, leased office space located at Olde Liberty Sq. in Harris- burg. Thomas Posavec of Landmark Commercial Realty negotiated the lease on behalf of both the tenant and the land- lord, OLS Partners, LP. n
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