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Follow on Google News | SIG Closes Home Depot Shadow Anchored Shopping CenterAt the helm of the deal was the Charlotte based Shopping Center Group (Michael Smith, Joe Lombardo and Greg Laughton) who were able to source an off-market opportunity, and procure a qualified buyer. The team worked closely with the seller's broker, Jose Sasson-Lerner with AXIOM Capital Partners, to facilitate the closing. Michael Smith applied his in-depth market knowledge throughout this entire process to present the buyer with an acquisition opportunity based on their investment criteria, which ultimately led to the successful sale of the shopping center. "We have a proven track record of matching qualified buyers for shopping center properties, based on both Seller and Buyer needs," said Smith. "We only had one shot to bring the buyer and we were successful." Because of their expertise and experience, one shot was all the trio needed in order to successfully bring in the right buyer and close the deal. As with any complex deal, there were a myriad of complicated deal dynamics that surfaced throughout the transaction, but the Charlotte Shopping Center Group at SIG handled each milestone with knowledgeable decisions and stellar communication. With incredible frontage to the road and easy access to the region via major highways, this 160,792 square foot shopping center is anchored by Office Depot, Fancy Fruit & Produce, Ollie's Bargain Outlet, and Family Dollar. The shopping center also features co-tenants such as Olive Garden, FastSigns, Humana, Citibank, and Sprint. With so many consumer destinations in this shopping center, 35,000 cars drive by this shopping center each day. "Our specialized industry expertise, local market knowledge and relationship- Strong communication skills and in-depth knowledge of the product type are the hallmarks of the investment advisors at SIG, and once again the expertise and experience came into play with this shopping center transaction. Michael Smith, Joe Lombardo and Greg Laughton worked together seamlessly to close this deal with both a satisfied buyer and seller. https://signnn.com/ End
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