May 26, 2016 Comments Off on CRE Active in South Mississippi Views: 947 California News, Mississippi, National News, Southeast

CRE Active in South Mississippi

As return on investment in other parts of the country declines, some investors are checking out South Mississippi. In a recent transaction, Rushmore Properties LLC of Chicago beat out 12 other offers to acquire the 149,000-square-foot Edgewater Village Shopping Center at 2650 Beach Blvd. in Biloxi, MS. Meanwhile, Coldwell Banker Commercial Alfonso Realty in Gulfport has four commercial properties – including retail, office and industrial – under contract.

“I think there’s definitely more happening now than there has been in years,” said Kenneth Jones II, commercial agent/manager at Coldwell Banker Commercial Alfonso Realty in Gulfport. He recently teamed with Sam Ford to sell a shopping center at 9113 U.S. 49 in Gulfport. Though the new owner has almost filled the 13,000-square-foot center, Jones said he’s receiving many inquiries from prospective tenants interested in leasing there.

Read More at Sun Herald

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