LOS ANGELES, Jan. 4, 2017 /PRNewswire/ -- DealPoint Merrill and SVN International closed on the purchase of Gateway Promenade on December 27, 2016. The property consists of a 110,000 square foot shopping center, centrally located in the retail and business corridor of Hammond, Indiana anchored by Aldi's grocery store and Planet Fitness.
DealPoint Merrill's executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. The acquisition and underwriting team was completed by Jason, Limbert, Shane Gonzales, and Andro Torres of DealPoint Merrill. The property was represented by Wayne Caplan, Senior Vice President of SVN Chicago Commercial. The Seller was Sabal Financial.