Robert H. Greenlee

Managing Director
SVN | Miller Commercial Real Estate

Robert H. Greenlee serves as Managing Director and Senior Advisor for the Easton-based Chesapeake office of SVN | Miller Commercial Real Estate. Greenlee has been a recognized leader in the regional investment real estate market for 30 years. As a real property economist and commercial real estate professional, he has a long history driving transformative, value-based real estate results by devising and executing wealth maximizing, and sustainable property ownership plans. Greenlee specializes in mid-market brokerage, third party asset management, and analytics. He has extensive experience providing a broad range of valuation, strategic analysis, and transaction advisory services involving institutional and investment grade assets, as well as owner occupied real estate. He has direct client involvement in all matters related to the acquisition and investment management functions in corporate, family, and private equity real estate platforms. His commercial real estate appraisal and economic consulting services are performed on the Delmarva Peninsula and along the entire East Coast, where he has personally completed over a thousand studies, covering $5B+ dollars of real estate. SVN | Miller CRE clients and fellow advisors benefit from his economic analysis, strategic planning and development of value enhancement strategies. With an undergraduate degree in Finance from the University of South Carolina and a master's degree in Economics earned at Loyola University of Maryland, Mr. Greenlee has been very involved in the local and regional communities for many years – with a particular focus on economic development and comprehensive planning. Greenlee is a licensed real estate salesperson in Maryland and a Certified General Appraiser in the States of Maryland and Delaware. He is also a Practicing Affiliate member of the Appraisal Institute.

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Human? type 163 below...
Commercial Retail
For Sale
Former Ruby Tuesday's - Elkton, MD
312 E Pulaski Hwy, Elkton, Maryland 21921
$1,490,000
1.34 Acres
The sale property is a 1.3385-acre out-parcel to the Pulaski Professional Center (formerly Wal-Mart) and is being sold in fee simple. The land and restaurant building improvements are all in very good condition. Quality is good. This was a prototypical configuration when built by Ruby Tuesday in 2005. Wal-Mart is an important key to this story. They believed in this site and were successful here for 13 years. Moreover, they so believed in the strength of the market that they moved from this 93,620 SF prototype into a supercenter only 1 1/2 miles east. The former Wal-Mart property is deed restricted for 50 years, disallowing “a general merchandise discount retail store, a wholesale membership club, a grocery store or supermarket, or a pharmacy/drug store.” The box they left behind was creatively re-purposed as a medical office pavilion, which was successful for the subsequent 12 year period. However, the physician/investor had other problems that affected this real estate and the concept unraveled. There are still a few of those larger medical tenants remaining. Currently known as Pulaski Professional Center, the complex has recently gone to auction, with closing on September 17th. The buyer is Douglas Development Corp., well-known in the Washington DC metro area for its turnaround skills. The Ruby Tuesday pad site will be a primary beneficiary of this complex coming back to life. The Town of Elkton is located at the top of the Chesapeake Bay, the largest municipality between Baltimore and Wilmington. It is bisected by, and served by, US Route 40 and I-95. As such, it is a primary retail and industrial hub with connections to Maryland, Delaware and Pennsylvania.
9/16/2019 5:34:02 PM   10/1/2019 7:47:05 PM
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