Case Study

American Plaza

Retail - Investment Sales

Developers Diversified Realty American Plaza

Assignment Overview

  • Sell this non-core asset that was acquired in a portfolio purchase
  • Shadow-anchored by Home Depot
  • Additional tenants included NTB, Deal$ and Sonic

Result

  • Sold property to a local developer who completed the center
  • Complicated REA and operating expense structure required a lot of attention with buyer to understand