SVN SUMMIT COMMERCIAL REAL ESTATE GROUP, LLC COMPLETES SALE OF TALLMADGE POINTE APARTMENTS

AKRON, OHIO, September 21, 2018: SVN Summit Commercial Real Estate Group, LLC, one of the nation’s premier net lease brokerage firms, has completed the sale of Tallmadge Pointe Apartments, LTD, a 61,240 square foot 60-unit apartment complex located at 306 Northeast Avenue, Tallmadge, Ohio 44278 was purchased in the amount of $3,095,000. Jerry Fiume, SIOR, CCIM of SVN Summit Commercial Real Estate Group, LLC represented the both parties in the transaction. “Tallmadge Pointe is a great asset in our marketplace.  The Property has been well maintained and managed over the years.  I am sure the new Owners will benefit greatly from the foundation that Tallmadge Pointe laid.” , said Jerry Fiume, SIOR, CCIM Managing Director, SVN Summit Commercial Real Estate. Tallmadge Pointe Apartments is located off Tallmadge’s Historical Circle nearby shopping, restaurants, parks, walking trails, public transportation and the newly developed Tallmadge Town Centre. SVN is the only major commercial real estate brand that proactively markets all of its qualified properties to the entire brokerage and investment community. Participating in approximately $11.1 billion in sales and leasing transactions in 2017, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN Live® Weekly Property Broadcast, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference. About SVN | SVN Summit Commercial Real Estate Group SVN Summit Commercial Real Estate Group an independently owned and operated SVN® office located in Akron, Ohio]. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com