IRVINE AND SILICON VALLEY, Calif. – April 18, 2016 – Ten-X (formerly Auction.com), the nation’s leading online real estate marketplace, has teamed with The Shopping Center Group to sell a pair of retail properties in separate online events May 16-18 on the Ten-X Commercial platform. Lynn DeMarco of The Shopping Center Group is partnering with Ten-X to present the two assets: the Johnstown Galleria Outparcel in Johnstown, Pennsylvania, and Virginia Kentucky (VA-KY) Regional Center in Norton, Virginia.
“We are very pleased to have such a great relationship with commercial brokerage firms such as The Shopping Center Group, which utilizes the proven Ten-X platform to help source buyers from across the U.S.,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith. “When Ten-X and brokers team up, everyone benefits. In this case the partnership results in high-quality retail assets becoming available to investors on the Ten-X Commercial platform.”
The 61,968-square-foot Johnstown Galleria Outparcel is a strip center located next to the Johnstown Galleria regional mall along Route 219, Johnstown’s major commercial corridor. It currently is 100-percent leased to national tenants Staples, Dunham’s Sports and Chuck E. Cheese’s. Johnstown is approximately 65 miles east of Pittsburgh.
The 229,527-square-foot VA-KY Regional Center is currently 79.5-percent occupied and is located along U.S. Highway 58, near the Virginia/Kentucky border, a focal point of Southwest Virginia. Current tenants include Magic Mart and Ingles Markets.
For more information, please click here or call 844-694-4976. For more information about The Shopping Center Group, click here or call 646-664-0413.
Ten-X is the nation’s leading online real estate marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling more than $37 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions entirely online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.