Auction.com, LLC, the nation’s leading online real estate marketplace, reported closings on 127 commercial assets throughout December with a total combined value of more than $327 million. The sale of retail properties accounted for more than $129 million of the month’s closings.
“We saw robust activity in the brick-and-mortar retail segment as 2014 came to a close,” said Rick Sharga, executive vice president of Auction.com. “Deal volume is up, but prices are cooling in the sector due to trends like the growth of e-tailing, and excess inventory coming to market as big box stores shutter thousands of locations.”
Some notable closings included the following: