Richard Greer And Neal Shalom Acquire Retail Property From Crown Companies For $32.75M In Winston-Salem

The retail asset involved in the transaction is located at 240 Harvey Street, Winston-Salem, NC. The sale price of the property was $32,750,000, and it encompasses 130,000 square feet, resulting in a price per square foot of $251.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $32,750,000
• Address: 240 Harvey Street
• Market: Winston-Salem, NC
• Asset Size: 130,000 SF
• Price Per Square Foot: $251
• Buyer: Richard Greer & Neal Shalom
• Seller: Crown Companies
• Brokers: Rob Carter & Morgan Hall - Berkeley Capital Advisors

The transaction highlights that Richard Greer and Neal Shalom acquired the asset from Crown Companies. The deal was represented by brokers Rob Carter and Morgan Hall from Berkeley Capital Advisors. Waterstone identified potential for growth at the property through enhanced leasing strategies and tenant synergies.