Next Realty Firsts
Over the course of 25 years, Next Realty has acquired a diverse mix of properties. The following describes our first acquisition in the various sectors: First Retail Property: San Marcos Plaza, Chicago, IL (Logan Square) Next Realty’s first shopping center acquisition in 1999 was the San Marcos Plaza retail center in the thriving Logan Square […]
Notable Disposition
Deptford Best Buy In early 2022, a Next Realty, LLC affiliate completed the sale of a single-tenant, net-leased Best Buy store at 1851 Deptford Center Road in Deptford, NJ. Next acquired the asset, in an irreplaceable, regional location, in 2001. Best Buy has leased the property since 1995. The 60,759-square-foot property was one of the […]
More Lessons Learned
Some of the greatest lessons learned by Andy Hochberg during the 25-year history of Next Realty, and before, were featured in the Spring Issue of The Next Perspective in Real Estate®. In this issue, we highlight lessons learned by other members of the Next Realty team. In all transactions, whether it’s a lease, an acquisition […]
Lights, Camera, Action!
One of the focal points of the 25th anniversary celebration was the creation of a short video telling the story of Next Realty, through the perspectives of a number of tenured senior professionals who have made significant contributions to the firm. The video opens with a wide angle shot of the 5215 building where Next […]
Around The Portfolio
Embracing Retail Trends, Next Adds Entertainment/Activity Center Next Realty continues to embrace what traditionally may have been atypical uses for its retail holdings with the opening of the second Urban Air Adventure Park. The most recent lease transaction with an Urban Air franchisee was for 28,000 square feet of space at 3201 E. Lincoln Highway […]