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Eldorado Crossing, a 31,000 square-foot multi-tenant shopping center at FM 423 and Eldorado Parkway in Little Elm, was bought by a local investor from Vista Properties. FCEDA’s real estate specialists are available to speak to business and professional organizations on all aspects of commercial real estate in Fairfax County including providing overviews of the local commercial market as a whole as well as submarket analyses. Their lease expires the end of this year, and an ownership change has caused a re-evaluation of their space. Susan Singer and Michael T. Grant of Bradford Commercial Real Estate Services brokered the sale with Jagdish Godhwani of Beam Real Estate. Top companies hire CCIMs to help them make data-driven real estate decisions in 1,000 markets around the globe. This lease arrangement is much like the apartment rental you may have experienced.
Commercial real estate REITs hold a portfolio of properties (as a mutual fund holds stocks or bonds ), but are publicly traded; this makes them easy to buy and sell, providing liquidity in a field that is notoriously illiquid The managers of REITs handle all the details of purchase, maintenance, tenants, and so on. They also receive special tax considerations and typically offer investors high yields ; they can be geared towards providing income , capital appreciation or both.
Our extensive experience provides each client with trusted skills and insight to make informed real estate decisions that can drive your business or personal portfolio forward. Peter Ostaseski, CCIM is a Vice President with Poe & Cronk Real Estate Group, where he specializes in commercial and investment sales, leasing and commercial user properties.
Our Managing Member, John Fleming, 2015 Board of Directors for the Gainesville Area Chamber of Commerce, is committed to applying his substantial development experience to your business’ move, ensuring that you have the commercial services and assistance you need with any planning, permitting, and application for financial incentives. Hunter Lee of HPI Commercial Real Estate negotiated the lease with Tony Click of Crescent Real Estate.
Fairfax County is actively preserving and enhancing its mature commercial and residential areas through a number of wide-ranging revitalization initiatives. Younger Partners’ Ben McCutchin brokered the sale by Boilermaker Investments LLC, which was represented by Whisenhant Properties. A word of advice Mr. Dyer: I would refrain from discussing the local county economy or commercial real estate development in the future. Finally, if your end goal is to build up a property portfolio of investment commercial property, Elders can help you as well.