Gil Neuman Of Neuman Commercial Group Arranges $3.5M Sale Of Mid-Atlantic Urban Mixed-Use Portfolio

10/1/20

Gil Neuman

Neuman Commercial Group, LLC announced the sale of a commercial mixed-use real estate portfolio in Maryland totaling almost 40,000 square feet, for a combined $3,500,000. At the time of the sale the urban properties were 100% occupied by 14 national and regional retail and office tenants. Gil Neuman of Neuman Commercial Group exclusively represented the seller, a multi-generational owner, and procured the buyer, a private family office.

“The buyer acquired a series well managed legacy assets with historically high occupancy in dense historic ‘hipster’ neighborhoods,” stated Gil Neuman, Principal at Neuman Commercial Group. He added: “Pandemic-related questions resolved through communication and cooperation.”

The properties are positioned throughout high income arts and entertainment and historic districts featuring renovated luxury condominiums, shops, restaurants and“ Walk Scores” in the high 90%’s.

About Neuman Commercial Group

Neuman Commercial Group formed in 2017 as a highly focused firm specializing in arranging the disposition and acquisition of Mid-Atlantic assets, with a specialty in anchored, unanchored and urban retail and other commercial properties. CoStar has named Neuman Commercial Group a Power Broker Top Firm Award winner.www.neumancommercial.com

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