Auburn (Maine) Mall owner puts three retail properties on the block

Started by retailisking, April 29, 2016, 05:17:09 PM

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Zayre88


retailisking

Schott has sold off the three properties and landed an Applebee's in return. All in all, the deal came in nearly $5 million under the asking price. The buyers are two heirs to the VIP Discount Auto fortune. Schott is transitioning out of retail and into hospitality.
http://www.pressherald.com/2016/08/24/auburn-developer-george-schott-sells-three-retail-plazas-buys-three-hotels/