Ronald Markowitz, president of NAI Ronald Markowitz Real Estate Inc., assisted on the sale. "When we made the initial presentation, Forest City realized we could achieve what needed to be accomplished with a combination of expert marketing and leasing capabilities," said Markowitz.
The company found solutions to problems such as a tenant mix in flux throughout the listing period to resolving the purchase of a strip of land that runs through the property owned by a utility company. "Courtland Center needed to be positioned and underwritten properly to appeal to the right type of buyer. It was essential to demonstrate the upside potential the vacant space offered," said Ernst.
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