Royal Plaza, a nearly 100,000 square foot shopping center, was almost fully occupied by long term tenants paying well below market rents. Through a comprehensive marketing campaign, we secured a buyer from Argentina who recognized the value and potential of the asset.
The buyer placed a $500,000 non refundable deposit at contract signing and closed within 30 days without ever visiting the property prior to closing. This transaction highlights our ability to generate interest and deliver results across local, regional, national, and international markets.