![]() ![]() They reach out to certain buyer profiles that are actively buying assets like this in tertiary markets.” “During the auction process, Ten-X explodes the process in terms of marketing. “We reached out to a lot of people who hold similar (properties) or are in the market for larger retail or mixed-use properties,” LaMay said. I think there’s definitely a significant upside.”ĭundas came into the picture after LaMay’s company and Ten-X reached out to buyers who might be interested in a property like the Cranberry Mall. There aren’t a lot of fresh tenants, it’s not happening all the time, but it’s possible. ![]() “It’s a tough market, but it’s not like it hasn’t seen some improvement. “(Dundas) has turned around assets like this in the past, so I think they will bring on the right resources to at least give it a good effort,” LaMay said. Regardless of the price, LaMay thinks the buyer, Dundas Real Estate Investment, is an excellent fit for the property.
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