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Russ Properties Buys Strip Center

Author: Diana Heeb Bivona

AIM Development has sold its strip center at 1725 E. Warm Springs Road to California-based Russ Properties LLC. The center was acquired by AIM in 2004 for approximately $3.8M. It was sold to Russ Properties for $7.49M, or approximately $307 per square foot.

The 24,366-square-foot center was built in 1992 and sits on 1.78 acres. Among the current tenants are Chris’s Place Food and Freedom Medical Supply and Equipment.

This entry was posted on Monday, June 18th, 2007 at 7:13 pm and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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