MARCH 2021, SALISBURY, MD – Tonney Insley, Advisor with SVN | Miller Commercial Real Estate recently settled on 229 W. Main Street, Salisbury, MD. This building, known as The Plaza Building, is a three-story, approximately 4,000 SF office building located Downtown.
This is the third deal Insley has completed downtown with local investor, Bret Davis. 132 E Main Street (part of the proposed Ross Apartments) and The City Center (located just next door to the Plaza Building) both are older properties that will be redeveloped into anchor locations in Downtown Salisbury. In each of these deals, Insley represented the sellers of the properties and Bret Davis represented the buyer side.
Davis said, “Our goal for the Plaza Building is to refresh the office space and cut out a section of flooring to allow both the second and third floor to view all the natural light from the massive 20-foot main windows.”
“It has been a great pleasure to be part of the revitalization of Downtown and to work with Bret and other developers on the rebirth of Main Street in Salisbury. I was glad to assist in guiding the sellers through this process”, said Insley. Insley had represented the owners of the Plaza Building for several years handling the property leasing.
The Downtown Salisbury market is active in 2021 as it has been for the past year or so with Insley having been part of over 10 transactions in Downtown totaling over 100,000 square feet and over $4.5 million dollars in value. As Insley settled this deal, he also has two others on Main Street under contract. If you are looking to invest in the Salisbury, MD market, or are considering listing your property for sale with Tonney Insley, please contact him directly at tonney.insley@svn.com or 410.543.2491.
SVN | Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, Seaford, DE, and Onley, VA is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).
SVN |Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).
SVN | Miller Commercial is currently ranked #7 out of 200+ international SVN® Offices. For information on how to make SVN | Miller Commercial Real Estate the key to your success, contact 410-543-2440 or visit our website www.SVNmiller.com.
