Ocala, FL- July 4th, 2016- Cohen Equities announced today that the company has acquired Berkshire Oaks, a 253,627 square foot shopping center, located at 3950 SW College Road in Ocala, Florida under a ground lease.
Berkshire Oaks is anchored by Kohl’s (89,000 square feet) and is currently 83.3% occupied by 12 tenants including (15,000 square feet), HH Gregg (30,000 square feet) and an out lot tenant, McDonald’s (3,500 square feet).
The property was constructed in 2008 and consists of eight retail buildings on eight contiguous land parcels. Berkshire Oaks is located along Interstate 75 and directly accessible through SR 200 and Osceola Boulevard, within close proximity to Market Street Mall and an upcoming stadium.
“Cohen Equities is uniquely able to execute complex transactions such as these,” says Meir Cohen, CEO and Chairman of Cohen Equities. “This was a multifaceted deal- we purchased the note, the ground leasehold acquisition, and an assignment and demonstrated the depth of expertise we have on our team.”
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About Cohen Equities
Cohen Equities is a national real estate investment firm that pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. The company has successfully invested in and improved more than 9 million square feet of real estate across the United States. Led by Meir Cohen, a real estate veteran with more than 30 years of experience, Cohen Equities creates significant value through active management, leasing and repositioning activities. For more about Cohen Equities, please visit cohenequities.com.