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Marcus & Millichap Real Estate Investment Services.

Marcus & Millichap Real Estate Investment Services announced the following sales:

* 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.

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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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Title Annotation:SALES
Comment:Marcus & Millichap Real Estate Investment Services.(SALES)
Publication:Real Estate Weekly
Geographic Code:1U2PA
Date:Aug 29, 2012
Words:193
Previous Article:Massey Knakal.
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