SALISBURY, MARYLAND— September 29, 2021 — Advisor Christian Phillips of NAI Coastal recently represented a regional developer in their purchase of 306 West Main Street, a +/- 4,500 square foot commercial building located at the entrance to Downtown Salisbury’s plaza.
Principals Bradley Gillis and Joey Gilkerson of NAI Coastal and Gillis Gilkerson acquired the building, adding to their portfolio of local investment properties. Together, the pair own other notable downtown buildings including Riverview Commons and the Powell Building.
“We are excited about this opportunity to continue to invest in our downtown community,” said Gilkerson. “There has been great momentum in the renaissance of Downtown Salisbury, and we are hopeful that this will be another step in that direction. Christian Phillips and the NAI team took all of the headache out of navigating this transaction and acquiring this property.”
Prior to this transaction, 306 West Main Street was occupied by Downtown Bridal, a boutique business that ultimately relocated to Oakridge Commons on the eastern side of Salisbury. Given its prime location, the Main Street property features excellent visibility at the intersection of Main and Mill Street. Under new ownership, flexible floorplans and buildout options are available for inquiring tenants.
“I’m looking forward to watching this property transform as Brad and Joey work to maximize its potential. After sitting vacant for a period of time, this building is ready for a local business to capitalize on its storefront and presence,” said Phillips.
Phillips collaborated with The McClellan Team of SVN Miller Commercial Real Estate, representative of the seller. For more information on this sale or to inquire about leasing opportunities, contact Advisor Christian Phillips at Christian@NAICoastal.com or by calling 410-543-5115.
ABOUT NAI COASTAL
NAI Coastal is a full-service commercial brokerage headquartered at Riverview Commons, 150 West Market Street in Downtown Salisbury, Maryland. The team of eleven advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information, please visit www.naicoastal.com or call 410-543-5115.
ABOUT NAI GLOBAL
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of $1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com.