Outside the Region: Delisle of Island Associates closes $3.15 million sale with Marcus & Millichap

Loganville, GA Roger Delisle of Island Associates Real Estate Inc. has negotiated and closed the purchase and sale of the property located at 185 US Highway 78, for a purchase price of $3.15 million. The site is ground leased to Panera Bread and has been developed with a 4500 s/f Panera Bread store with a drive-thru. The store opened for business in the fall of 2018. The Panera lease has a base term of 15 years plus options, and is a NNN ground lease. The seller was PV-PB Athens LLC, who was the developer of the site for Panera Bread. The purchaser was represented by Island Associates and the seller was represented by Marcus & Millichap.

The purchaser is a real estate owner and operator who owns properties throughout the east coast, and who purchased this property as a replacement property under a 1031 exchange.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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