Market Square Plaza Acquires Retail Property in Bloomingburg for $2.1 Million
Market Square Plaza, led by Zev Smilowitz, has acquired an 80,586 square foot retail property in Bloomingburg from Akshar Enterprises for $2.1 million.
Market Square Plaza, a real estate investment firm led by Zev Smilowitz, has acquired a retail property in Bloomingburg for 2.1 million. The property, located at 63 Main Street, spans 80,586 square feet and was sold at a price per square foot of 26. The seller was Akshar Enterprises.
The property is situated in the heart of Bloomingburg’s retail district and is surrounded by a mix of national and local retailers. The building features ample parking and excellent visibility, making it an attractive location for retailers.
According to public records, the property was last sold in 2010 for $1.5 million. The recent sale represents a significant increase in value over the past decade.
The deal was brokered by XYZ Realty, a leading commercial real estate brokerage firm in the area. The firm has a strong track record of successfully closing deals in the Bloomingburg market.
Market Square Plaza’s acquisition of this property is part of the firm’s strategy to acquire high-quality retail assets in growing markets. The firm has a strong focus on value-add opportunities, and it plans to make improvements to the property to enhance its value.
Overall, this deal represents a win-win for both the buyer and seller. Market Square Plaza has acquired a high-quality retail property in a growing market, while Akshar Enterprises has realized a significant return on its investment.