Orion Real Estate Group continued its deal-making pace with the sale of a Bank of America branch in Mooresville, North Carolina, in early May. The firm continues to sell portfolio properties that make sense as it acquires additional commercial properties in markets around the country.
We look forward to joining our real estate industry friends from around the country at the ICSC RECon show later this month. We will be at booth S320P in the South Hall. Please stop by and say hello.
MIAMI, April 26, 2017 – Orion Ventures XII North, LLC, has completed the sale of a $4.491 million restaurant property in Newport News, Virginia. The TGI Friday’s location was part of a portfolio of restaurant properties owned by Orion Real Estate Group, a South Florida-based commercial brokerage and was acquired in December 2015.
“Our team has shown continued success in acquiring undervalued locations,” said Joe Sanz, CEO of Orion Real Estate Group. “We have a number of projects slated for disposition in the next few months all over the country and we are actively seeking single-tenant net-leased property to acquire.”
Steve Borysewich and Duane Comprosky of Orion’s Orlando office acted as brokers on the transaction. The buyer, QCA-NEWPORT NEWS, LLC, was represented by Raffi Karamian with Hogan Companies.
About Orion Real Estate Group
Orion Real Estate Group provides commercial real estate services to investment clients around the world. Since its founding in 1978, the firm has been involved in more than $2.5 billion in transactions.
Working with clients across the United States, the firm helps clients and their investors through all phases of real estate transactions from strategic planning and analysis to financing, negotiation and disposition. For more information visit www.orionmiami.com.
Orion Real Estate Group, a South Florida-based commercial brokerage, has completed the sale of a $23.2 million transaction with Publix. The property is located at Red Road and SW 16th Street in Miami and was acquired by Orion in December 2013.
Orion Real Estate Group provides commercial real estate services to investment clients around the world. Since its founding in 1978, the firm has been involved in more than $2.5 billion in transactions.
Working with clients across the United States, the firm helps clients and their investors through all phases of real estate transactions from strategic planning and analysis to financing, negotiation and disposition. For more information visit www.orionmiami.com.
