New York, NY, April 15, 2012 --(PR.com
)-- ERG Property Advisors announced the promotion of Andrew Greenberg to Senior Director of the firm’s Retail Division. Mr. Greenberg was previously ERG’s Director of Investment Sales. ERG’s Retail Division specializes in shopping centers and triple net (NNN) retail properties.
“I look forward to this new opportunity with ERG,” said Mr. Greenberg. “Working with a team of seasoned real estate specialists in a leading commercial real estate company is important to me. As Senior Director of our Retail Division I plan to further leverage ERG’s platform to bring enhanced value to our clients.”
Mr. Greenberg, who has deep expertise with retail properties, has recently closed over $35 million in such transactions across 7 states, including:
500 Chestnut Ridge Road, a 60,000-square-foot freestanding retail facility in Woodcliff Lake, NJ that sold for $25 million. The property was sold fully leased to The Great Atlantic and Pacific Tea Company (A&P).
71 Forest Avenue, a 3,620 square foot, single-story retail building in Glen Cove, New York that sold for $1,318,553. The property, which was sold fully leased through 2020 to Payless Shoe Source, Inc., is corporately backed by the lessee.
Mr. Greenberg can be reached at (646) 253-0950.
About ERG Property Advisors
ERG Property Advisors is a full-service commercial real estate brokerage company based in New York City. Its core activities are investment sales, retail leasing, and strategic consulting. The firm is also a direct private money lender and commercial mortgage broker. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG has access to a vast network of NNN properties throughout the United States. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles.