Gorjian of Namdar Realty Grp. acquires 200,000 s/f shopping center in Ohio
Private investment firm, Namdar Realty Group's recent acquisition consists of a 200,000 s/f shopping center. Namdar's, Joel Gorjian led the firm with the acquisition. The shopping center has significant upside due to the 30% vacancy.
"The property was terribly managed, all leases are rolling, this is a typical deal we target. We see the value of the deal with leasing up the 30% vacancy and running the shopping center up to par," said Joel Gorjian.
Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.
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