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Shopping center under new ownership

Real Estate - Commercial
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Blalock Springs Shopping Center in Boiling Springs is now under new ownership. Mark Medical Search LLC sold the center to Blalock Springs LLC for $2.35 million. The 9,950-square-foot retail center was 100% occupied at the time of the sale, according to a news release.

(Photo/Provided)Dail Longaker, director of investment and advisory services for Trinity Partners, represented Mark Medical Search in the sale.

In January 2017 the Blalock Springs Shopping Center was 22% occupied when Longaker sold it to Mark Medical Search for $1.45 million, the release said.

“In approximately 12 months, we were able to stabilize the occupancy and subsequently sold the retail center for $2.35 million,” he said, in the release.

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