Greenberg of ERG closes on $6.562 million sale of TGI Friday's; 10,194 s/f free-standing property located at 829 Merrick Avenue

ERG Property Advisors (www.ergpa.com) has closed on a 10,194 s/f TGI Friday's at 829 Merrick Ave. TGI Friday's Inc. generates well over $2.7 billion in annual revenues through 900 restaurants in 59 countries and 49 states. TGI Friday's is being acquired by Sentinel Capital Partners and Tri-Artisan Capital Partners. The subject property is located on the corner of Corporate Dr. and Merrick Ave., in the dense retail and residential area. The free-standing TGI Friday's is located adjacent to The Archstone Meadowbrook Crossing Apartments, near The Home Depot, Applebee's, Babies R Us, Bertucci's, Micro Center, Fairway Market and Bed Bath and Beyond. Immediately east of the site is The Gallery at Westbury Plaza. The Gallery features 30+ tenants and is anchored by Gap Factory Store, Banana Republic Factory Store, Old Navy, Nordstrom Rack, Starbucks, and Trader Joe's. Along with prominent retailers and shopping centers, the immediate trade is home to the Roosevelt Field Mall. The property sold for $6.562 million. Andrew Greenberg of ERG represented. ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG's Retail Division specialize in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage. Visit www.ergpa.com for recent deals and press coverage. ###