APRIL 2016, SALISBURY, MD – Chris Davis, Senior Advisor with SVN | Miller Commercial Real Estate recently brokered the sale of Cherokee Lanes in Salisbury, MD. Chris’ client Cherokee Inc. owned and operated the 20 lane bowling alley for the last 27 years before selling to the buyer Southbound Alley LLC, represented by Matthew Trader of Rinnier Development Company. The venue sold for $1.15 million and the new owners have plans for significant future renovations.
The bowling alley will be renamed from Cherokee Lanes to SouthBound Alley, and in mid-2017 owners plan to remodel the facility and add a new full-service restaurant and bar. “I’m excited to see the bowling alley be transformed into a more modern venue,” stated Senior Advisor Chris Davis. “I can’t wait to bring my family there to experience the new environment they are going to create.”
For more information about this transaction or available properties on the Delmarva Peninsula, contact Chris Davis at email@example.com or call 410-543-2440.
SVN-MILLER COMMERCIAL REAL ESTATE
SVN - Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, and Seaford, DE is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).
SVN - Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).