Now Kotis Properties of Greensboro, NC is prepared to rejuvenate the nine-unit site with an initial cosmetic injection of $350,000 and a later $550,000 renovation. The property already has attracted its first two tenants, according to a published article.
Kotis Properties president Marty Kotis says the high-density neighborhoods surrounding the center and its location near downtown Asheboro are major assets, the article states. He says his rents are less expensive than those along Asheboro's main commercial thoroughfare but declines to say what they are, according to the article.
Kotis Properties also markets the center as having access to Interstate highways 40, 85 and 95, and being convenient to Greensboro, Raleigh, Charlotte and Pinehurst, the area's industrial heartland.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
