Legacy Sells Stabilized Retail Asset Purchased at Auction in 2011

For Immediate Release:  Legacy Real Estate Investments sells Crosstowne Square retail pad building in Taylorsville, Utahredwood-picture-12-2-16

Legacy sells retail pad asset in Taylorsville, UT, shadow anchored by Walmart

Draper, UT – December 1, 2016 – Legacy Real Estate Investments, Inc. on December 1st, 2016 closed on the sale of Crosstowne Square, a retail building consisting of 9,680 square feet in Taylorsville, Utah.  This property is on the hard corner of  54th South and Redwood Road the busiest intersection in Utah and shadow anchored by Walmart.  The property was acquired by Legacy in September 2011 at Auction from CW Capital who had previously foreclosed on the property.  “What a great way to end the year, with the successful completion of another commercial real estate investment that provided a profit for our valued investors,” commented David Werts, Principal and Founder of Legacy.  Crosstowne Square was not marketed for sale but sold in an off-market transaction with the help of local brokers.

About Legacy Real Estate Investments

Founded in 2005, Legacy is a real estate investment, management and consulting firm specializing in commercial real estate properties in the Western United States.  Legacy represents investors that include high net worth individuals, families, pensions and trusts as well as corporate and institutional clients in building wealth through commercial real estate investments and providing better than market returns through its experience, relationships and business practices.