Berlin, MD- May 2020- Tonney Insley, SVN Miller Commercial settled on 3.3 acres at the SE corner of US Route 50 and Samuel Bowen Boulevard in Berlin, MD. The land development group, Core Acquisitions, is a commercial real estate investment, development, property and asset management company based in Chicago, Illinois. They felt this market was worthy of their investment and when tasked with the project by 7-Eleven, they mobilized to acquire the land a walk through the entitlement process.
The site has been approved for development and Core Acquisitions will be constructing a 7-Eleven convenience store with a car wash. The project is slated to begin construction over the summer and local construction firm Delmarva Veteran Builders will oversee the build.
In October of 2018, Insley also sold the SW corner of US Route 50 and Samuel Bowen Boulevard. That property could see development in the future but is currently available for ground lease.
The proposed gas station will be the last service center on US Route 50 until entering West Ocean City. It’s prominent location by Walmart, and The Home Depot in Berlin, will offer convenience to travelers shopping at the large center.
If you would like to discuss the details of this deal, or details of the available ground lease in Berlin, MD, please contact Tonney Insley at 410.543.2440 or tonney.insley@svn.com.
SVN | Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, Seaford, DE, and Onley, VA 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).
For information on how to make SVN | Miller Commercial Real Estate the key to your success, contact 410-543-2440 or visit our website www.SVNmiller.com.
