CHERRY HILL, NJ — Holliday Fenoglio Fowler used a condominium structure to arrange the sale of two co-located assets, one retail and one self-storage, on adjoining sites in the Philadelphia suburb of Cherry Hill, NJ.
HFF successfully closed the $6.275 million sale of Treasure Island Retail and the $7.25 million sale of Treasure Island Storage, on behalf of the seller, Cayre Equities, who sold the properties in two separate transactions.
Cayre Equities hadpurchased the property several years ago, when it was mainly occupied by Levin Furniture, says Richard Schontz, HFF managing director, who led the transactions with managing director Chris Munley.
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