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Details: AssetCRG handled this sale transaction in which the building owner needed a quick sale in a timely and professional matter. AssetCRG represented the purchaser, a developer, who saw the analyzed value and potential and engaged in a quick all-cash transaction. The building is roughly 35,000 square feet. AssetCRG subsequently leased the building to two national tenants: Children of America and Retro Fitness.
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Asset Commercial successfully singed its third deal with the Learning Experience as Tenant. The subject property, a former Synagogue, is planned to be redeveloped into a mixed use, residential and community facility, property. Ground breaking is scheduled to start in Q1, 2018. The project should complete within 18 months of commencement. Other sites done with TLE:
- TLE @ Medford
- TLE @ Bayside
- TLE @ Bellrose
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Asset Commercial Realty Group (“AssetCRG”) represented the landlord exclusively and Joseph Mastov, Director of Asset Commerical Realty Group, represented Arby’s to occupy the ground floor which will be a built to suit drive-thru, taking approximately 2,800 SF. Asset Commercial Realty group facilitated a 15-year lease with options.
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AssetCRG has successfully leased out 42-28 Bell Boulevard for a 10-year lease with 5-year option. The 1,200SF space was leased to SnowdaysNYC. They are currently located in 5 locations and are working on their 6th location in Los Angles, California