NEWPORT NEWS, VA— The Mumford Co. has completed the nearly $18-million (aggregate value) sale of a portfolio of nine Best Inn properties for Beal Bank SSB & GBE Acquisitions. The seller retained Mumford as exclusive listing agent for the sale of these properties in October 2002. As such, the disposition of these properties was effected within 13 months of the listing date in individual transactions, with Ed James and Mike Francis CHA serving as lead brokers representing the sellers in these transactions. Sold in separate transactions, five properties were located in Illinois, two in Florida and two in Georgia.
Previous ArticleSurvey Finds Strong Interest In HITEC 2004
Next Article Sonesta Unveils Corporate Restructuring