A&G Bankruptcy Sale offers a total of 21 properties in Maryland, Florida and Delaware
— Old Fire Assets Zebulon and Beatrice Brodie include a waterfront family equestrian complex; income-producing office, commercial and industrial properties; and a retail development opportunity in a busy shopping center.
MELVILLE, NY, April 19, 2022 /PRNewswire/ — A bankruptcy sale by A&G Real Estate Partners includes 21 properties, 19 of which Maryland and one each in Delaware and Florida – formerly owned by the late Zebulon J. and Beatrice Brodieimportant long-time residents of the east coast of Maryland.
Residential and commercial developer and philanthropist, Zebulon J. Brodie founded the Hôpital de la Rive-Sud in Miami and owned buildings, shopping malls and other businesses across from Maryland Eastern Shore, rated Mike Matlata senior managing director of A&G.
“These assets reflect only part of this long and diverse history of business activity,” he said. “There are opportunities here in retail, warehouse/industrial, mixed-use and office sectors, not to mention the beautiful family-friendly resort with its legendary waterfront sunsets.”
In total, there are nine revenue-generating sites available for purchase, including mixed-use, office, mall, stand-alone restaurant, warehouse/industrial, dance studio, and daycare, to name a few. to name a few; seven of the assets are located in Federal Opportunity Zones. Other assets include the aforementioned waterfront residential/equestrian complex and various undeveloped parcels zoned for commercial purposes.
All are located in towns along from Maryland Eastern Shore, with the exception of a small commercial building at Miami, Floridaand an unbuilt commercial plot at Smyrna, Delaware.
A&G has been retained to lead the asset sales in Baltimorefiduciary Zvi Guttman and his advice, Shapiro Sher lawyer Richard M. Goldberg. The assets are part of the Chapter 11 bankruptcy of Brodie Holdings LLC (Case No. 21-16309-TJC) and related entities filed in the United States Bankruptcy Court for the District of Maryland (Baltimore Division).
Highlights of the sale, in which any asset can be purchased individually, include:
- Four contiguous properties ranging from 3.36 to 6.99 acres on Legion Road in Denton, Maryland. Three of the sites are raw land zoned for retail/commercial; one is partially developed with an independent building occupied by Dunkin’. Totaling 21.07 acres, these properties are located directly across from a Walmart supermarket, as well as Denton Square, a mall anchored by national tenants Petco, Walgreens and Dollar Tree. “These four plots present an excellent opportunity for development from scratch in a busy shopping center,” noted Matlat.
- The 100% occupied Alexander Building at 315 High Street in Chestertown, Maryland. Located in the heart of downtown Chestertown, the 19,416 square foot red brick building accommodates both office and retail space. “This is an opportunity to add a stable income asset to your real estate portfolio,” said Todd Eyler, senior managing director of A&G.
- The Carter Building at 300 Market Street in downtown Denton. Built in 1905, the 19,723-square-foot red-brick building features a mix of government and legal office users. “This is another income-generating downtown building that would be an attractive acquisition,” Eyler noted.
- A family-friendly waterfront equestrian resort at 300 Bulle Rock Farm Lane in Centerville, Maryland. This picturesque 28.85 acre property sits on Grove Creek, which provides easy access to the Corsica River and beyond. Built in 1929, the main house has four bedrooms, 3.5 bathrooms as well as large rooms for entertaining, as well as a swimming pool and guest cottage. “The master bedroom offers a balcony that looks directly over the pool and stream to the river and sights beyond,” Matlat said. The property’s massive equestrian building looks more like a full-fledged equestrian center than just a barn, Matlat noted. “There is a very large indoor riding area with stalls and a viewing platform,” he said. “Other features include a large room with a fireplace, exposed rafters and antique woodwork, plus an old-fashioned drawing room and a two-tiered porch. The roof even has copper-clad cupolas.” The property with its fenced equestrian land is part of the former estate of a businessman and philanthropist John J. Raskob, builder of the Empire State Building. “This location is perfect for historic restoration and/or redevelopment, as illustrated by similar properties in this riverside enclave,” Matlat said.
For more property information visit: https://www.agrep.com/real-estate-sale
Interested persons can also contact Mike Matlat(631) 465-9508, [email protected]or Todd Eyler(914) 325-1602, [email protected]
Press contacts for A&G:
Jaffe Communications (908-789-0700)
Elisa Krantz or Bill Parness
SOURCE A&G Real Estate Partners