|By PR Newswire||
|February 10, 2014 02:41 PM EST||
ATLANTA, Feb. 10, 2014 /PRNewswire/ -- Coro Realty Advisors, LLC announces the sale of Chapel Square, located in Avon, Colorado to Hoffman Commercial Real Estate Group. The 148,020 SF mixed-use project is anchored by Pier One, Sports Authority, Vail Valley Medical, The Nest and Wells Fargo. Coro Realty purchased Chapel Square in 2005 from Lehman Brothers as a value-add property. At that time of Coro Realty's purchase, the property was 74% occupied. Coro Realty completed various marketing and physical improvements and re-tenanted the property. Chapel Square is currently 100% occupied.
John Lundeen, President of Coro Realty stated, "We are pleased with our ability to attract many quality tenants to Chapel Square and stabilize it despite the recent real estate recession, and sell it as a solid, stabilized property."
Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment. With a commitment to smart growth, urban oriented projects, and innovation, incorporating distinctive architectural designs, Coro continues to demonstrate its leadership in the market with the successful execution of quality investments. The firm provides Asset Management, Property Management and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.
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SOURCE Coro Realty Advisors, LLC