Marcus & Millichap Real Estate Investment Services.
* Plaza 15, a 117,086 s/f retail property at 7495 West Branch Highway, Lewisburg, Pennsylvania, sold for $3,000,000. Joseph C. French, Jr. senior director of the National Retail Group, and Schuyler Boylan, an sssociate in White Plains office, represented the seller, a financial institution that is liquidating all of its assets. The buyer, a value-added developer, was secured and represented by Joseph French. Spencer Yablon, Broker of Record in the Philadelphia office assisted in the closing.
* Starbucks, a 1,650 s/f net leased property at 2441 Watt Street, Schenectady, NY, sold for $1,110,000 and a cap rate of 7.57 percent. Preet Sabharwal and Britt Raymond in Manhattan office, represent the seller, a private investor. The buyer, an equity fund, was secured and represented by Preet Sabharwal.
* Shamokin Plaza, a 97,954 s/f retail property located at 1400 State Route 61, Shamokin, Pennsylvania, sold for $425,000.
Joseph French and Schuyler Boylan, represented the seller, a financial institution that is liquidating all of its assets. Spencer Yablon assisted in the closing of this transaction.
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|Comment:||Marcus & Millichap Real Estate Investment Services.(SALES)|
|Publication:||Real Estate Weekly|
|Date:||Aug 29, 2012|
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