Sean Glickman, CCIM, senior advisor for institutional investments with Coldwell Banker Commercial NRT joins his client’s recent acquisition of Meridian Crossings, a 206,365 square feet regional power center in Meridian, Mississippi. The power center is anchored by T.J. Max, Ross, Bed Bath & Beyond, Best Buy and Books A Million. It was constructed in 2007 and is 96% leased.
This is the latest acquisition by the buyer who is a 106 year old family owned company that owns, manages and develops millions of square feet of shopping centers in 11 states.
The deal closed last month but Glickman is already working on the next joint venture opportunity; one of the largest new power center development in South Florida with over 335,000 square feet of national retailers. The total project cost is estimated at $70 million and it is scheduled to close in March 2015. Glickman is currently reviewing this opportunity with national and international equity investors, family offices and investment funds as potential joint venture partners.
Sean Glickman, CCIM is a senior advisor of institutional investments at CBC, founder of the Glickman Retail Group who specializes in the shopping center industry. His primary focus is helping retail investors and property owners maximize value and return on investment by offering a fully integrated global platform including financial analysis and advisory services, investment sales, equity and debt placement and more. Sean is a graduate of the shopping center university at Wharton School, the University of Pennsylvania and he has an extensive international investment and development background.
To contact Sean Glickman, please email seanglickman@gmail.com, call 407-902-6660 or visit www.glickmanretailgroup.com.
