DISPOSITION & ACQUISITION
- 2014: Represented seller and buyer in the ACQUISITION & DEVELOPMENT sale of all three parcels (including parking lot) for a total of $6.7 million. Seller wanted to assemble & redevelop properties but was unable to.
- 2019: Represented seller and buyer and sold the improved properties for a total of $8.975 million (without parking lot), for a potential 200% investor return.
- When seller wasn’t able to assemble adjacent properties in 2014, UPT renewed and extended existing leases.
- New concepts and tenants were brought into remaining spaces.