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Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian Acquire Mixed-Use Properties In Winston-Salem For $10M

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SOLD
$10,000,000
Christopher McGlone
Rob Cochran
+ 4

North Carolina

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Mixed-use483,240 SF
Sold 07/24/2025
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Property Image
SOLD

Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian Acquire Mixed-Use Properties In Winston-Salem For $10M

5640 University Parkway

See Similar Deals
Mixed-use483,240 SF
Sold 07/24/2025
Christopher McGlone
Rob Cochran
+ 4
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Summary

NORTH CAROLINA
Asset Type:Mixed-use
Price Per Square Foot:$20
Total Square Footage:483,240 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 5620, 5630, 5640, 5644, 5650 & 5660 University Parkway & 5635 West Hanes Mill Road in the Madison Park sector of Winston-Salem, NC. The sale price for this transaction was $10,000,000, and the property encompasses a total of 483,240 square feet, resulting in a price per square foot of $20.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,000,000
  • Address: 5620, 5630, 5640, 5644, 5650 & 5660 University Parkway & 5635 West Hanes Mill Road
  • Market: Winston-Salem, NC
  • Square Footage: 483,240
  • Price per Square Foot: $20
  • Buyer: Igal Namdar, Elliot Nassim, Jonathan Abda, Jonathan Nazarian
  • Seller: LRC Properties
  • Brokers: Christopher McGlone, Sean Hayes, Rob Cochran, Bill Harrison, Greg Goldstein - Cushman & Wakefield
  • Attorney: Ben Sedaghatzandi - Hakimi Law, P.C.

The transaction included notable individuals such as the buyers Igal Namdar, Elliot Nassim, Jonathan Abda, and Jonathan Nazarian collaborating in this acquisition. The seller, LRC Properties, was represented by brokers from Cushman & Wakefield, which comprised Christopher McGlone, Sean Hayes, Rob Cochran, Bill Harrison, and Greg Goldstein. Legal representation for the transaction was provided by attorney Ben Sedaghatzandi from Hakimi Law, P.C.

Players

Bill Harrison
7 deals$214M volume
BROKER

Rob Cochran
Cushman & Wakefield
3 deals$79.5M volume(704) 577-2999
BROKER

Sean Hayes
Cushman & Wakefield
1 deal$10M volume
BROKER

Christopher McGlone
Cushman & Wakefield
1 deal$10M volume
BROKER

Greg Goldstein
1 deal$10M volume
BROKER

Cushman & Wakefield
BROKERAGE

Igal Namdar
22 deals$1.8B volume
BUYER

Details

SOLD
IMAGE: Jonathan Abda, Igal Namdar, Howard Lavitt & Jonathan Nazarian DATE: 7/25/2025 ADDRESS: 5620, 5630, 5640, 5644, 5650 & 5660 University Parkway & 5635 West Hanes Mill Road - Madison Park MARKET: Winston-Salem, NC ASSET TYPE: Mixed-use BUYER: Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian SELLER: LRC Properties BROKERS: Christopher McGlone, Sean Hayes, Rob Cochran, Bill Harrison & Greg Goldstein - Cushman & Wakefield (@CushWake) ATTORNEY: Ben Sedaghatzandi (@BSed211) - Hakimi Law, P.C. SALE PRICE: $10,000,000 SF: 483,240 ~ PPSF: $20

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