Gorjian of Namdar Realty acquires 200,000 s/f Center Of Sheffield

Joel Gorjian, Namdar Realty Group has acquired Center Of Sheffield, a 200,000 s/f shopping center. The shopping center consists of a multitude of national and regional tenants - Apple's Market, Marc's, H&R Block, and others. "The deal was a no-brainer for us, with a tremendous amount of upside through a 30% vacancy. In addition to that, all the regional and national tenants have phenomenal sales at the center," said Gorjian, who led Namdar Realty Group on the transaction. Namdar's portfolio consists of 16 million s/f of commercial real estate nationwide.

Tags: Brokerage

Reprint

Previous Story Next Story

Legion Investment Group and Nahla Capital’s 1122 Madison Avenue inks $21.175 million contract

Manhattan, NY 122 Madison Ave.’s half-floor Residence 14 North went into contract for $21.175 million. This was a top deal in the Olshan report and the only deal above $10 million.

Rudin secures 55,335 s/f lease with JAMS at the top of 3 Times Square

Rudin secures lease with JAMS at the top of 3 Times Square

Skyline Developers’ 18W55 fully leased in under nine months

Cove Capital subscribes debt-free Fort Worth Small Bay Industrial 96 DST offering

BKM Capital Partners releases Q2 2026 Light Industrial Market update

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Bestreich, Sproviero, Lobel, and Waring of IPRG sell 212 President St. for $5.8 million

Columns and Thought Leadership

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking