6A — October 22 - November 18, 2021 — M id A tlantic Real Estate Journal
www.marej.com
M id A tlantic R eal E state J ournal
ALISBURY, MD — Pr inc ipal Meredi th Mears of NAI Coastal S McClellan Team of SVN Miller Commercial Real Estate represent the seller Mears of NAI Coastal represents regional non-profit organization in Delmarva expansion
recently rep- r e s ent ed a locally based n o n - p r o f i t o r g a n i z a - tion in their purchase of 31516 Win- t e r p l a c e P k w y . , a
Meredith Mears
31516 Winterplace Pkwy.
17,000+ s/f office building lo - cated along the Rte. 50 corridor in Salisbury. The purchaser, Bay Area Center for Independent Liv-
a charitable donation to the seller’s benefit. In doing so, the needs of both transaction parties were satisfied in full.
“The pandemic took its toll on many non-profits in our sur - rounding community. Before the pandemic hit, my plans were to construct a new build- ing, but I could see them fade as the COVID numbers in- creased,” said Katherine Jones, executive director of Bay Area Center for Independent Living. “I was disheartened that we many never have the capital to build a new building because of increasing construction costs. I never thought about purchas- ing an existing commercial property until Merry Mears opened my eyes to the many possibilities. She was able to find us the perfect building in the right location that fit our budget. We now have twice the amount of space than we originally envisioned. Thank you Merry and NAI Coastal for making our dream a reality!” Originally founded in 1974, Bay Area CIL currently works throughout nine Delmarva counties to advocate for and promote the rights of individu- als with disabilities. The new building will allow their team of volunteers to expand their reach as they pursue equality and ease of access to education, work opportunities and com- munity services. “I’m thankful for the trust Bay Area Center for Indepen- dent Living placed in me to assist them in finding the right space to expand into—it was critical to ensure that leader- ship and staff felt that they would be able to serve their clients in an improved man- ner through space allocation. I know we met that goal,” said Mears. “Once we found the right building, we were able to structure the deal in a way that assisted both sides in moving forward in the most optimal manner.” Mears collaborated with The McClellan Team of SVN Miller Commercial Real Estate , representative of the seller. MAREJ
ing (CIL), relied heavily upon Mears’ advisory throughout the transaction process in order to secure creative, ‘bar-
gain sale’ financing. This non- conventional method enabled the organization to process part of the purchase price as
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