Community service on East Ridge Road.Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. and Company Inc. Real Estate announced the closing of a community strip shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into located at the intersection of East Ridge East Ridge, town (1990 pop. 21,101), Hamilton co., SE Tenn., a suburb of Chattanooga, near the Ga. border; inc. 1921. It is chiefly residential. Road and North Goodman Street in Irondequoit, N.Y. CCIRE acted as the sole broker in this transaction. Ric Kaiser, Senior Executive Director, represented the seller, a private company out of Florida. Helen Putterman, President of CCIRE, procured the purchaser, a Florida-based partnership, which has been a client of CCIRE since its inception in 1991. Tops Plaza is a community strip shopping center totaling 145,218 s/f on approximately 15 acres of land. The center was constructed in 1982. It was 89% occupied at closing, with 15,764 s/f vacant. Tops Supermarket and Marshall's anchor the center. Additional major tenants at the property include Casual Male, Dollar Store, Chinese Buffet, SuperCuts and Fleet National Bank. The purchaser paid cash above a securitized securitized Of, related to, or being debt securities that are secured with assets. For example, mortgage purchase bonds are secured by mortgages that have been purchased with the bond issue's proceeds. mortgage. "The property yields a 'high' cash-on-cash return Cash-on-Cash Return A rate of return often used in real-estate transactions. The calculation determines the cash income on the cash invested: making it a very attractive purchase. Also, the property's vacancy of nearly 16,000 s/f is extremely desirable as it allows for additional upside," said Helen Putterman. |
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