Newmark Brokers $24.6M Sale Of 9-Property Retail Portfolio To Public REIT

Newmark has completed the $24.6 million sale of a nine-property net leased retail portfolio across various states. The portfolio, with nearly 250,000 square feet, was fully leased to leading retailers and acquired by an undisclosed public REIT buyer.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $24,600,000
• Square Footage: 250,000
• Price per Square Foot: $98
• Market: Aurora & Bridgestone Illinois; Muncie & Greenwood, Indiana; Atmore, Alabama; North Syracuse, New York; Escanaba Whitmore, Michigan; Brooksville, Florida
• Brokers: Matt Berres, Samer Khalil, and Karick Brown - Newmark

The deal was brokered by Matt Berres, Samer Khalil, and Karick Brown of Newmark. They played a crucial role in facilitating the transaction between the seller and the undisclosed public REIT buyer, ensuring a successful outcome for all parties involved.