Glambosky and D’Amaro Close on Purchase of Commercial PropertyDecember 17, 2016 | |
Erez Glambosky and Louis D’Amaro, as part of a 1031 exchange, closed on the purchase of a commercial property located in New Castle, Pennsylvania, subject to a Walgreens drug store lease. The Walgreens location was the 1031 exchange “replacement property” and was purchased for nearly $7 million, with $2.7 million in mortgage financing. In January 2017, they expect to close on a $1 million second mortgage covering the same property.
- Erez Glambosky
- Louis D`Amaro