LOS ANGELES, Jan. 4, 2017 /PRNewswire/ — DealPoint Merrill and SVN International closed on the purchase of Gateway Promenade on December 27, 2016. The property consists of a 110,000 square foot shopping center, centrally located in the retail and business corridor of Hammond, Indiana anchored by Aldi’s grocery store and Planet Fitness.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. The acquisition and underwriting team was completed by Jason, Limbert, Shane Gonzales, and Andro Torres of DealPoint Merrill. The property was represented by Wayne Caplan, Senior Vice President of SVN Chicago Commercial. The Seller was Sabal Financial.

Kevin Maggiacomo, CEO of SVN International stated that we look forward to many more similar projects with DealPoint Merrill in 2017.

About DealPoint Merrill:

DealPoint Merrill, LLC is an owner and operator of value-added real estate opportunities and sponsor of real estate investment offerings. Based in Los Angeles, DealPoint Merrill is a strategic alliance partner with SVN International, formerly Sperry Van Ness with over 220 offices for co-investment opportunities and development services. For more information visit our website at: www. dealpointmerrill.com.

Contact:
Danielle Watson, Communications
DealPoint Merrill
818-887-9797
dwatson@dealpointmerrill.com

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SOURCE DealPoint Merrill