Casey Howard, Vice President at Harbert Realty Services, represented the landlord in the sale of a three building portfolio located at 2209-2215 1st Avenue North. The 38,500 square foot portfolio sold for $2,575,000 to Orchestra Partners, who have plans for a mixed-use development. The portfolio is located only two blocks from the new Founders Station, Shipt HQ and Elyton Hotel, making it a prime location for redevelopment.
Howard stated that “the First Avenue North corridor in the CBD has completely exploded with growth over the past 18 months with development and renovation of hotels, office, retail, planned restaurants, residential condos/apartments and the new Intermodel facility. We also have the positioning of Innovation Depot on this corridor, which is a great pillar and resource for our entire startup community. Even with all of these new developments, there’s still opportunity for investors. This area hasn’t peaked yet, so it’s exciting to see all the activity.”